Britain should examine criminal use of cryptocurrencies: PM Theresa May

Britain wants to clinch a deal with the EU by the end of March on a Brexit transition period, Brexit minister David Davis said on Wednesday.

By: Reuters | London | Published: January 25, 2018 10:28 pm

British Prime Minister Theresa May.(AP Photo)

Britain should take a serious look at cryptocurrencies such as Bitcoin because of the way they can be used by criminals, Prime Minister Theresa May said on Thursday. “Cryptocurrencies like Bitcoin, we should be looking at these very seriously, precisely because of the way that they can be used, particularly by criminals,” May told Bloomberg Television in an interview in Davos.

She added that there were huge possibilities for Britain to attract tech companies once Britain leaves the European Union. Britain wants to clinch a deal with the EU by the end of March on a Brexit transition period, Brexit minister David Davis said on Wednesday. Britain says a transition period should provide clarity for business and financial services firms.