A Big British Bank May Be About to Bring Bitcoin Into Play

Barclays CEO Ashok Vaswani has spoken to regulators about engaging with the cryptocurrency.

Author:: Edward Hardy
Publish date:: Jun 27, 2017 6:21 AM EDT

A big British bank is considering bringing Bitcoin "into play."

Barclays (BCS) - Get Report CEO Ashok Vaswani has spoken to regulators about engaging with the cryptocurrency, although he did not elaborate on what that would involve. In particular, Vaswani has spoken to the FCA about how to make bitcoin safe.

The digital currency has garnered a negative reputation because of its use on the "dark web".

Bitcoin is becoming increasingly used in society with Japan recently making it legal for businesses to begin accepting the cryptocurrency as payments.

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This article was written by a staff member of TheStreet.