A UK parliamentary hearing on blockchain and cryptocurrencies took on a largely negative tone with one panelist dismissing the technology as a fad.
The U.K. government does plan to regulate exchanges and wallet providers, but won't intervene to help such startups get bank accounts.
The U.K. Parliament has been presented demos of real-world blockchain applications designed to educate policymakers.
The U.K.'s House of Lords has released a report highlighting the opportunities for distributed ledger technologies across government services.
A committee of the House of Lords struck a curious but at times critical note when discussing blockchain and its impact on finance and government.