From Crown to Crown Dependency, Efforts to Bring Bitcoin into the Fold

By Irene Madongo

If you ask British banks how they view Bitcoin start-ups, you might conclude that digital currency firms in the U.K. have it no different than elsewhere. That is to say: bad. But the British government and crown dependency the Bailiwick of Jersey have taken steps recently in seemingly sharp contrast to nations more hesitant to embrace the technology. Over the past six weeks, the U.K. has helped launch a group to promote virtual currencies and other financial technology, or fintech, and Jersey approved its first-ever regulated Bitcoin firm. The U.K. effort, which coincides with British proposals to better fund the...