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Author Topic: Proposition: UK banks blocking transfers to Bitcoin exchanges is illegal and in  (Read 2246 times)
nwbitcoin
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April 24, 2013, 08:38:45 AM
 #21

I find localbitcoins has worked well for me.

This is my advert:
https://localbitcoins.com/ad/12522/purchase-bitcoin-bank-transfer-united-kingdom-united-kingdom

The biggest problem for me is trying to get the cash back into the system, and its mostly about being aware of how long money movement between banks actually takes.

However, things will change, and we will get to an easier solution, its just hard work now.


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cupronickel
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April 24, 2013, 11:08:02 AM
 #22


well having spoken to FSA and also to my bank they dont mind bitcoin. but as soon as i mentioned that half my funds may go to out of country banks, they started to sound less then pleased.


Thank you for your insight franky, you've clearly gone through some of the hoops already. So if the UK infrastructure is putting up barriers because they are hyper sensitive, why not just tx to a bank on the Euro mainland where there's a more progressive climate and go from there? I suppose you'd have to have a reason for that account but if you're in a business, it shouldn't be too difficult to set up a branch office structure.

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