UK Treasury releases report on digital currencies

The budget documents released by the UK Treasury on 18 March, included one that was entitled: 'Digital Currencies: response to the call for evidence', marking the first time measures to support cryptocurrencies to be included in a budget.

Tom Robinson, co-founder of start-up Elliptic, took part in the discussion and believes advancement has been made.

"We are happy with it. It follows the recommendations that we and other businesses made, such as bringing digital currencies under anti-money-laundering legislation. This will bring legitimacy and clarity to the industry," he said.