25 July 2013
There has been an increasing focus on the world of virtual currencies in recent years. Given the potential number and range of virtual currencies, their status is often questioned. In this article, we consider the nature of virtual currencies, some of the potential issues they raise, and how the EU and UK regulatory framework is applicable to them. In doing so, we also examine Bitcoin – the world’s first decentralised digital or virtual currency, which is based on a peer-to-peer creation and validation system.
Read the full client note here: 'Virtual Currencies'