For Queen and Country and Bitcoin: How the UK Turns into Fintech Avalon

British government seems to have seriously approached the issues of implementing fintech innovations in its operations. Speaking at London’s Digital Catapult, a government-funded think tank, Cabinet Office minister Matt Hancock stated: “We’re exploring the use of a blockchain to manage the distribution of grants. Monitoring and controlling the use of grants is incredibly complex. A […]

A Centralized Version of Bitcoin Developed for Bank of England

Researchers from the University College of London have developed a digital currency system resembling Bitcoin on the request from the Bank of England, the country’s central bank.