Ian DeMartino: There has been a lot of talk about the UK possibly making a central bank cryptocurrency, do you think something like that could be successful?
Colin Kwan: It is something that has been talked about rather openly. I am the CEO of Magnr and the director of UK Digital Currency Association, and part of our mission at the UKDCA is to talk to the treasury, the Bank of England and the policy makers. We explain to them what digital currencies actually mean to the UK and how the UK can even benefit from these types of currencies....
Ian DeMartino: The IMF recently recommended international cooperation when it comes to Cryptocurrencies? Do you think Bitcoin would benefit from a some international regulations or a best practices policy or anything like that?
Colin Kwan: There is definitely a need for an international standard. Being a part of the UK DCA, we are looking to help establish what we call the IBC, the International Blockchain Committee. We want to have international bodies as representatives and create a standard across all blockchain systems....
http://coinjournal.net/colin-kwan-on-magnr-the-ukdca-and-bitcoin-banks/
Topic: [2016-02-10] UK Bitcoin Regulation, The Bank of England and Magnr's Bitcoin Bank (Read 290 times)
February 10, 2016, 01:11:56 PM
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