Publication Date: March 2015
In August 2014, the government announced a major programme of work looking into the benefits and risks associated with digital currencies and underlying technology, with a particular focus on the question of regulation. In November 2014, the government published a call for information to gather views and evidence on these questions. The call for information received over 120 responses. Submissions came from members of the public who use digital currencies, digital currency developers, businesses providing digital currency-related services, banks, payment scheme companies, academics, consultancies and other government departments and agencies.
This document summarises the submissions received in response to the call for information questions and, in light of the evidence gathered, outlines the government’s views and proposed next steps. The government is grateful for all of the contributions made by respondents throughout the call for information process.