PANews reported on April 12 that according to The Times, Lomond School, a Scottish private boarding school, has announced its decision to accept Bitcoin payments, which means it will become the first school in the UK to start accepting Bitcoin. It is understood that Lomond School will accept Bitcoin in stages and convert the received digital currency into pounds sterling. The school also stated that it will ensure full compliance with UK financial regulations when accepting Bitcoin, and will consider establishing a Bitcoin reserve if the usage scenarios of Bitcoin expand in the UK.
Scotland's Lomond School becomes the first school in the UK to accept Bitcoin payments and consider establishing Bitcoin asset reserves
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