UK regulator will not require Bitcoin exchanges to register

CoinDesk is reporting that in a letter send to an exchange start up the UK, financial regulator HM Revenue & Customs (HMRC)  has stated that the proposed exchange has no need to register under money laundering regulations.  However the letter does make it clear that HMRC may change their mind and require registration in the future.

Via CoinDesk

The letter from HMRC reads as follows:

“With reference to your enquiry at this time there is no requirement to register with HMRC under the Money Laundering regulations, however HMRC recognise that the issuing of Bitcoins represent an emerging development.

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