British Government Launches A Cryptocurrency Task Force To Harness Benefits Of FinTech

As part of the British government's wider strategy in FinTech, Chancellor of the Exchequer Philip Hammond is going to introduce a task force that will focus in studying the benefits and risks of cryptocurrencies.

The move was revealed during the country's second International FinTech Conference.

The task force will include Her Majesty's Treasury, The Bank of England & the Financial Conduct Authority.

Hammond emphasized that the task force will help UK to be a major Fintech hub and will eventually will help the sector grow and flourish.

The task force is only one of the raft of FinTech initiatives that the government is planning to undertake.

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Yahoo Japan Is Said To Launch A Crypto Exchange Within This Year 2018

Reports say that Yahoo Japan is planning to launch its very own cryptocurrency exchange.

The Japanese internet firm is said to take 40% stake in BitARG Exchange Tokyo next month.

Using the BitARG techonolgy, Yahoo Japan plans to build a new cryptocurrency exchange.

They will buy shares in BitARG through YJFX, its subsidiary and will cost them around two billion yen or $19 million.

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