First America, now Britain! Chancellor to unveil Bitcoin plans in UK budget
By Andrew Saks-McLeod on Sunday, 09.07.14
America’s wholesale acceptance of Bitcoin has made its way across the Atlantic as British Chancellor of the Exchequer George Osborne prepares to include it in the 2015 Budget.
In total contrast to last year’s chain of events surrounding Bitcoin which would cause even the most risk-hungry investor to head for the hills, the overwhelming turn in the opposite direction this year in North America has made its way across the Atlantic to Britain as the nation’s Treasury prepares to include important aspects relating to Bitcoin in the annual Budget.
In Britain, the Chancellor of the Exchequer delivers the Budget each year, which consists of new financial measures intended to grow the economy as well as new taxation rules, as well as the annual declaration of spending by public sector organizations.