Is cryptocurrency about to go mainstream?
With new cryptocurrency regulations pending aimed at boosting consumer confidence in digital currency, and attracting entrepreneurs and investment, we ask a Gloucestershire expert what it all means.
Dear readers,
Welcome to Monday’s edition of The Raikes Journal.
Today we take a look at the world of cryptocurrency. Interest in digital currency in the UK is growing - both from consumers and businesses - and as the Government looks for any lever to pull to stimulate growth, it’s reached for this one.
The Chancellor was in London recently unveiling draft legislation aimed at protecting those already dabbling in crypto, to try to encourage more of is to follow them, but also to try to send a message to the sector’s biggest digital currency trading platforms that the UK wants them to set up shop here.
The question is, has has legislation got the balance right?
Is it going to encourage more of us to step forward and use the likes of Bitcoin, Ethereum, Tether or XRP with confidence? Is going to entice those major platforms to set up shop here in the UK? Or is it all just good PR for the fintech industry?
We talk to Gloucestershire expert Joe David, of Nephos, and get his view about the potent…
