Bitcoin News, Blog

Bank of England Seeks Startups for DLT Privacy Projects

The central bank of UK is encouraging firms to take advantage of blockchain technology and start businesses that focus on data security.

The governor of Bank of England, Mark Carney, told attendees of a conference on FinTech that the central bank is ready to support blockchain-centric businesses, and they had already put the system in gear.

This report indicates that contrary to what bitcoiners might think, banks are actually willing to coexist and face competition from digital currencies.

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