UK Setting Itself Up To Be More Friendly To Bitcoin Startups

An anonymous reader writes While various states in the U.S. (most notably: New York) are trying to regulate every last aspect of Bitcoin, making it very difficult to innovate there, the UK appears to be going in the opposite direction. It's been setting up much more open regulations that would allow for greater freedom for Bitcoin startups to innovate without first having to ask for permission. In fact, the British government decided that what is most appropriate is to work with the digital currency community to develop a set of best practices for consumer protection and create a voluntary, opt-in regime. Hopefully other governments take note.