Skip to main content

Britain unveils fintech task to explore cryptocurrency ecosystem

Britain announced a task force on Thursday to explore technologies in support of cryptoassets, such as bitcoin and other cryptocurrencies as part of a new plan to help fintech companies find more customers. UK finance minister Philip Hammond is committed to helping fintech grow in domestic and global markets.

"The new task force will help the UK to manage the risks surrounding cryptoassets and capitalize on the potential benefits of the underlying technology," Hammond said.

Tinuku Britain unveils new fintech task to explore cryptocurrencies system

Britain has become a major center of fintech and wants to convince other sectors post Brexit. The EU has also stepped up efforts to become a more attractive place for fintech companies. French Finance Minister Bruno Le Maire plans to create a legal framework to raise funds through cryptocurrency and become a leading center for bitcoin.

The new industry standard will allow fintech companies to work with traditional banks to more easily offer complex services and reach more customers. UK financial services minister John Glen said about the interim report on cryptoassets.

"The regulation could be an enabler of the stable cryptocurrency sector, growing up.We still see great power and I hope it continues.In fintech we watch global opportunities," Glen said.

Industry and government will create a common platform to remove the obstacles faced by the fintech company that governs the new system. Hammond and Australian Finance Minister Scott Morrison will sign a "fintech bridge" agreement to help UK-based fintech companies sell products and services in Australia and promote cooperation.


Popular posts

GyroCycle motorcycle self-balancing gyroscope tech by Thrustcycle Enterprises LLC ready market 2017

Tinuku ~ Thrustcycle Enterprises LLC has been set up GyroCycle electric motorcycle that will not collapse even without the support for the production in 2017. The company is based in Honolulu designing electric motorcycles equipped gyroscopic technology for stability and anti-collapse.

Know Various Types of Traditional Indonesian Batik Patterns

Tinuku ~ Various types of batik spread across the archipelago. Batik is art of painting using cloth has a pattern and a special way of making the write or paste on the fabric. By treatment with certain distinctive ways.

Batik is pictorial cloth made specifically by writing or applying wax to cloth and since October 2, 2009 batik has been designated as one of Indonesia's cultural heritage by UNESCO.

Everyone knows batik designs have supernatural powers and each motif worn only by specific users. Parang motif which symbolizes strength and power, should only be worn by rulers and knights. Batik of this type must be made with calmness and patience.

If you do wrong in the batik process, the magical power is lost. The process of making batik is full of philosophical meaning, batik is a meaningful symbols that shows how society thinks maker.

Perhaps you just know only one kind of batik design. But geography and area of Indonesia storing various types of batik motifs depending on region t…

GlaxoSmithKline, Novartis AG and Bill Gates pushing against malaria

GlaxoSmithKline Plc and Novartis AG will donate a research fund of up to US$4 billion in a global effort to fight malaria as a drug-resistant strain has not progressed for years. Commitment is part of a broad initiative led by the Bill & Melinda Gates Foundation with US$1 billion,

Glaxo invested an additional US$250 million, while Novartis will allocate more than US$100 million, the company said before Wednesday's meeting in London. Urgency increases when the case of malaria grows significantly in 2016 for the first time in a decade. The emergence of resistance to drugs and insecticides makes efforts to eradicate the disease more difficult.

Certain variants of the lethal parasite Plasmodium falciparum are able to avoid artemisinin as the most potent drug available today. This resistant strain has been detected in five Asian countries and takes risks in Africa. Philanthropic billionaire Bill Gates has said it would be a "disaster" if the mutant form of the parasite mo…