UK Treasury Plans to Regulate Cryptocurrency Exchanges

It comes as no surprise that governments don’t like Bitcoin and banks and financial institutions like it even less. They cannot control it, track it, profit from it, or tax it. To justify their fears and loathing politicians and bankers will use phrases like ‘fraudulent’, ‘criminal’, and ‘bubble’ to deter the public from gaining an interest in cryptocurrencies.  This week the UK Treasury became the latest to crack down on crypto in what it calls a b