Scotland is a country that is part of United Kingdom and is located in the northern part of the the island of Great Britain. Scotland has an area of around 80,000 square kilometers and a population of 5.5 million people. Scotland has a strong, free market, developed economy with one of the highest GDPs per capita in Europe and a strong level of labor productivity. The capital of Scotland, Edinburgh, is one of the strongest financial centers in the world, which provides a great base for the development of fintech in Scotland. The high level of education and major industries — being computing, electronics and life sciences, alongside agriculture, construction and others — brings a lot of importance for the support of developing technology in Scotland. A U.K.’s law has been implemented to control Bitcoin in Scotland. Bitcoin is treated as a foreign currency for taxing and accounting and is totally legal.
Coinbase announces ‘nearly the entire company will shut down’ for four weeklong breaks in 2022 to allow workers to recharge
An Edinburgh music school will begin to accept tuition payments in the form of cryptocurrency.
Scottish music school accepts cryptocurrency as payment for lessons
A 108-page report details how the United Kingdom can retain its status as one of the global centers for fintech innovation and business.
FCA releases detailed 5-point plan to make UK a fintech powerhouse
About 40% of vintage whisky bottles were either fake or not produced when claimed.
Everledger and Glasgow Uni team up to fight counterfeit Scotch Whisky
The European Space Agency, a major organization dedicated to space exploration, is funding a new blockchain project to boost the world’s mining industry.
European Space Agency Funds Blockchain Project Recording Satellite Data
Big Four audit and consultancy firm PwC is conducting a trial of its new blockchain platform for ensuring the integrity of employee credentials.
Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials
According to some industry experts, entering the crypto and blockchain space will require some companies to rethink how they organize their IT infrastructure.
Experts: Finance Firms Need to Replace IT Infrastructure to Adopt Blockchain and Crypto
A Scottish hospital has created a course of residential treatment for those it deems to be ‘crypto addicts,’ in the UK’s first crypto rehabilitation program.
Scottish 'Crypto Clinic' Treats Bitcoin Trading Addicts