Bitcoin and cryptocurrencies are the first applications of blockchain technology.
Blockchain technology removes the need for trust for transactions via third parties. This has opened many opportunities for new business models based around a ‘trustless’ system.
From 2013 to 2014 Diacle's founder, Adam Vaziri, was part of the group who founded the UK Digital Currency Association and lobbied the UK government to remove VAT on bitcoin transactions and create a pragmatic, non-interventionist environment for digital currencies.
We believe in blockchain.
Our core technology focus is blockchain technology as it is the most disruptive technology since the internet itself, causing paradigm shifts across industries including payments, stored value, gambling and the wider financial industry from hedge funds to over the counter derivatives trading.
We set up Bitlegal.io to track the evolving landscape of digital currency regulation.
Blockchain is going to change a generation of fintech and gamtech entrepreneurs, and at Diacle we have the expertise, know-how and experience to help you design, develop and deploy your innovative or disruptive blockchain idea.
We can provide diverse blockchain services, whether that be building a bank on the blockchain, creating decentralised digital exchange markets, or producing smart contracts for share settlement.
Bitlegal is a site we set up to track the evolving landscape of cryptocurrency regulation.
UK Digital Currency Association
The UK Digital Currency Association was one of the first associations set up to represent the digital currency industry. It supported the reversal of VAT on bitcoin in the UK and more broadly in the European Union. It worked with UK Treasury on the development of a regulatory environment for digital currencies allowing for self-regulation to thrive.