Can London be a Global Bitcoin Hub?

[BIT-Sharon]

A month after the British government announced plans to implement stricter regulation on bitcoin, other authorities have expressed their desire to make London a hub for the digital currency. Support for the bitcoin was seen as a step closer to financial innovation and leadership, although officials still clarified that regulations should be implemented to prevent the use of the cryptocurrency in criminal activities.

Elsewhere in the city, bitcoin enthusiasts have formed a club to discuss ideas on the industry and regularly hold meetings every Tuesday evening. Called the CoinScrum, the group comprises around 2,000 individuals who are leading the drive to make London home for bitcoin trading.

http://www.newsbtc.com/2015/04/16/can-london-be-a-global-bitcoin-hub/

[bitkilo]

It's a possibility, there are a few Australian bitcoin companies running off to the UK so they and there customers don't have to pay the 10% gst imposed on crypto by the Aus government.

[Erza]

I would say that London and New York are the LEAST likely cities to become the global bitcoin hub. They are already the headquarters of the fiat system. If a central bitcoin location were to emerge it would probably by somewhere in the the third world.

There is still chance that London and New York can become central because there are so many people that using bitcoin there and may be there is having a company that will pay by using bitcoin. This is why they still have a chance to to become Bitcoin hub

[Inotanewbie]

I would say that London and New York are the LEAST likely cities to become the global bitcoin hub. They are already the headquarters of the fiat system. If a central bitcoin location were to emerge it would probably by somewhere in the the third world.

Come on maan of course it will be the global bitcoin hub the government of the UK has already decided what it is going to do hence the regulations so their banks feel safer and can get involved more. New york and London will make or break it if it goes to the CITY then very good things ahead as the best financial minds in the world. It will not be let to emerge somewhere in the third world if it was there would be no regulation, plus all the money they have spent on research to better understand it. Last i checked was £12million as a start for research.

[Amph]

I would say that London and New York are the LEAST likely cities to become the global bitcoin hub. They are already the headquarters of the fiat system. If a central bitcoin location were to emerge it would probably by somewhere in the the third world.

the bit licence can make this happen quickly(at least for new york), because it regulate bitcoin, other countries are still trying to determinate what bitcoin is, i doubt it would emerge in a third world country first...

[BIT-Sharon]

I would say that London and New York are the LEAST likely cities to become the global bitcoin hub. They are already the headquarters of the fiat system. If a central bitcoin location were to emerge it would probably by somewhere in the the third world.

well, it is connected with the Australian government.

[bitkilo]

I would say that London and New York are the LEAST likely cities to become the global bitcoin hub. They are already the headquarters of the fiat system. If a central bitcoin location were to emerge it would probably by somewhere in the the third world.

well, it is connected with the Australian government.

What is connected with the Australian government?

[LiteCoinGuy]

London, NY together with singapore, hong kong and isle of man...and others.

[LFC_Bitcoin]

High ranking officials in the UK have already spoken semi positively about bitcoin.
I see no reason why London can't be the hub of bitcoin.

I don't know what sort of timescale we're talking about but it definitely is possible.

[countryfree]

No, not London. I know there are a few strong BTC supporters there, but BTC isn't important to them. It's just another opportunity. London's one of the most expensive place to live in the world, and most people there strongly benefits from the actual financial system. Since BTC will shake up all that, I'd say it has more chances in a corrupted country where people cannot trust their local government and/or currency. Argentina's more like it.

[MicroGuy]

I would say that London and New York are the LEAST likely cities to become the global bitcoin hub. They are already the headquarters of the fiat system. If a central bitcoin location were to emerge it would probably by somewhere in the the third world.

This makes perfect sense. Bitcoin will have to find markets where its useful.

It's not useful in London or New York or anywhere where traditional fiat systems exist. People with debit cards aren't going to jump through hoops for the pleasure of taking the additional step of exchanging fiat into bitcoin so they can then go buy what they could have already bought.

[lemmyK]

No, not London. I know there are a few strong BTC supporters there, but BTC isn't important to them. It's just another opportunity. London's one of the most expensive place to live in the world, and most people there strongly benefits from the actual financial system. Since BTC will shake up all that, I'd say it has more chances in a corrupted country where people cannot trust their local government and/or currency. Argentina's more like it.

London's one of the most expensive place to live in the world    No  

absolutely the most expensive is Oslo.
  because in the whole city is not possibly find cheap deals on food or alcohol. accommodation... two star hotel 1 night 200eu+..  5star 500eu +
  Paris, Singapore, Zurich there is not a problem in central found among the expensive shops some super-cheap fast food or alcohol for ordinary people.
it throughout Norway is not possible.
one Draught beer beer and burger (250gr) with some etc .. 40-50 euros (110+250nok) aprox... if you purchase at the supermarket and you will eat on the bench, it will not be much cheaper...
15 minutes by taxi 100-200eu +  in night more+

[gripflierGO]

London?? I Don't think so I mean London can never be the Bitcoin Hub but I think China can be the next Bitcoin Hub as its population is the largest across the globe so they can entertain bitcoins as more population more number of users as India is still out of it so I bet on China as a next Bitcoin Hub.

[losh11]

London's not so expensive when compared to some other countries in Europe.
I'd say apart from the housing, pretty much everything else is cheaper.

[co5hike]

I've been to London and I used local bitcoins out there. London can for sure be a bitcoin hub and maybe already is.

[gentlemand]

Almost anywhere in mainland Europe is better poised than London. The lack of banking situation makes it a cool place to hang out and yap but also means you can't achieve any meaningful business whatsoever.

Some UK businesses are utilising EU banks now but that's a workaround, not something that most could put up with as a permanent situation. The UK has ensured that it'll be left behind and that's obviously what the banks want.

[operrajunk74]

London can for sure be a Global Bitcoin Hub and i think it has already become a hub as bitcoin is accepted almost everywhere you make a purchase and that's the scene in London too.. and i guess apart from London any European countries can be a Global Bitcoin Hub.

[torrentheaven]

Compared to Newyork, London carried more open mind to digital curriencies. It would be a historical mistake not to make London the center of bitcoin industry since it has been already known as the home of financial innovations for hundred of years.

[tokeweed]

If NYFDS Bit License is too tight, then London could become a global hub.  But BTC has no borders, even Singapore or Shanghai can become the hub if their laws are encouraging.

[umaOuma]

London can be a Global Bitcoin Hub surely and if look at some other countries like china of japan they can be a better option to go for. China and Japan mostly popular for their technology and most of the population in technologically sound so they can adopt bitcoin very easily.