The government will work with the British Standards Association (BSI) to develop a set of standards that will protect consumers, it said. The Treasury also announced a new research initiative on digital currency technology, and said it would inject an additional 10 million pounds ($14.66 million) into the area.

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-government-to-regulate-cryptocurrency-to-avoid-money-laundering-says-treasury-10117566.html