Barclays bank wants to bring bitcoin "into play"

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British multinational bank Barclays has been in discussions with regulators about bringing digital currencies like bitcoin into service, CNBC reported citing the bank's UK chief executive Ashok Vaswani.

"We have been talking to a couple of fintechs [financial technology firms - Ed.] and have actually gone with the fintechs to the FCA [Britain's Financial Conduct Authority - Ed.] to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play," Vaswani told CNBC.

According to him, it's an "obviously new area we've got to be careful with…"

"(We're) working on it, (it's) not ready for prime time, we'll get there soon," he added without giving any other details.

Barclays has been experimenting with bitcoin and working with digital currency start-ups. The bank wants...