Regulation of digital currencies in the UK

Katherine Evans | Senior Partner What is a digital currency? On the one hand, a great deal of the money in our economy is digital. Numbers on balance sheets and bank ledgers move around the world with no actual physical paper exchanging hands. However, the value of the currencies is protected to a significant degree by the assets of the …

Virtual Currencies in the European Single Market

What are virtual currencies? European Banking Authority (EBA) regards virtual currencies as being a digital representation of value that is neither issued by a central bank or a public authority nor necessarily attached to a regular currency, but is accepted by natural or legal persons as a means of payment, and can be transferred, stored or traded electronically. The leading …