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<p>The government has not made any formal assessment of the value to the UK of Bitcoin
or other cryptocurrencies.</p><p> </p><p>The government is currently negotiating amendments
to the European Anti-Money Laundering Directive which will extend regulation to virtual
currency exchange platforms and custodian wallet providers. These amendments will
enable competent authorities to ensure these firms are mitigating the risks regarding
money laundering and terrorist financing, and enable the legitimate sector to grow.
We expect these negotiations to conclude at EU level by early 2018, with a year for
Member States to then implement the Directive.</p>
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