Cointelegraph reached out to MIT Professor of Economics John van Reenen OBE to give his take on the move by the British Treasury and the touted cryptocurrency taskforce. The renowned economist painted a slightly bleak picture in terms of the possibility of change in sentiment from British financial institutions. He believes there is no change in sentiment in “official circles, government or main financial institutions” but that public perception was easing. However, Van Reenen did concede that cryptocurrency markets may pick up in the UK if there was clarity on regulation coupled with a rise in popularity of virtual currencies.

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