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Title: [2014-11-20] CD: UK Shadow Minister Outlines Bitcoin's Potential for Disruption Post by: LiteCoinGuy on November 20, 2014, 06:58:21 PM UK Shadow Minister Outlines Bitcoin's Potential for Disruption
Bitcoin has the potential to reduce consumers' reliance on giant banks and other entrenched financial institutions, according to Chi Onwurah, the UK's shadow cabinet minister for digital government. http://www.coindesk.com/uk-shadow-minister-outlines-bitcoins-potential-disruption/ Title: Re: [2014-11-20] CD: UK Shadow Minister Outlines Bitcoin's Potential for Disruption Post by: Rampton on November 20, 2014, 09:13:25 PM The way the headline is worded kinda makes it sound negative. Disrupt(ion) to me has negative connotations, but I guess it's true that bitcoin can really shake up their existing infrastructure so true in that sense.
Title: Re: [2014-11-20] CD: UK Shadow Minister Outlines Bitcoin's Potential for Disruption Post by: Sutters Mill on November 20, 2014, 09:20:14 PM Quote A Labour government would not rush into developing regulations around bitcoin and digital currencies in general, Onwurah said. Instead, she advocated a wait-and-see approach to digital currency regulation to ensure innovation isn't stifled too early in the growth of the sector. "It's a new and emerging market, I think you would be highly critical if we were to set out now exactly how the market should be regulated. Clearly, existing regulation applies," she said. I like her way of thinking, but I don't trust anything politicians say. They have a habit of doing the exact opposite of what they say. I've got a feeling labour will get in so maybe we will see next year. |