A UK-based Bitcoin exchange says it will allow UK citizens to buy and sell virtual currencies.
The company, called BitBazaar, said it will launch a virtual currency exchange service for people in the country by the end of the year.
The virtual currency exchanges that operate in the US, China and India, are regulated by the Securities and Exchange Commission.
The UK, which is not a member of the EU, has been under scrutiny over Bitcoin, which was created in 2009 by an anonymous programmer and has seen its value rise from $15,000 in 2010 to more than $4,000 at its peak.
BitBazar is owned by a Hong Kong-based bitcoin exchange called Coincheck.
Coinchemix said it has secured a licence from the UK’s Financial Conduct Authority to operate in Britain.
It will not be able to offer trading services in the market but will be able, for example, to send orders for Bitcoin through the Coincherx system.