This is from an article on Cointelegraph by Joshua Althauser
The differences he highlights are extremely important, and will assist the UK and Scotland in particular with its charge into Fintech and Blockchain technology, as well as make crypto currencies more mainstream.
Based on the policies involving cryptocurrencies and Blockchain technologies, UK moves to liberalization of cryptocurrencies while the US looks into more regulations.
The World Bank estimates $429 bln of remittance market in 2016. This is mostly from migrants sending remittances to their home nations, mostly done through traditional banks and other non-bank payment systems, and P2P systems.
To leverage this growing industry, the UK is finding ways to integrate Britain’s interbank payments and encourage further liberalization of P2P systems. Consequently, It is exploring ways to officially integrate cryptocurrency, testing Ripple’s Blockchain technology for cross-border payments. Read more