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Author Topic: UK Government to create Bitcoin Exchange  (Read 2178 times)
the founder
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May 14, 2013, 01:55:27 PM
 #1



http://www.adaptiveglass.com/?p=760

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1513115720
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cypherdoc
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May 14, 2013, 01:56:48 PM
 #2

Nice link
johnblaze
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May 14, 2013, 02:35:01 PM
 #3

that link is retarded, and so is this thread for reporting it as if it is noteworthy

actual quote:
Quote
"Also under consideration was the idea of creating a regulated exchange..."

article's conclusion:
Quote
"the United Kingdom is in the process of setting up their own Government regulated Bitcoin exchange."

fail
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May 14, 2013, 03:18:45 PM
 #4

that link is retarded, and so is this thread for reporting it as if it is noteworthy

actual quote:
Quote
"Also under consideration was the idea of creating a regulated exchange..."

article's conclusion:
Quote
"the United Kingdom is in the process of setting up their own Government regulated Bitcoin exchange."

fail
i think more to the point is the government have excepted bitcoin.. this is a good thing and i am glad i read this. your post was just a post for the sake of posting
FlappySocks
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May 14, 2013, 03:22:26 PM
 #5

http://www.ft.com/cms/s/2/42ca6762-bbfc-11e2-82df-00144feab7de.html#axzz2THTHmJC7

^^Much better story from the FT.
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May 14, 2013, 03:39:08 PM
 #6


Quote
Also under consideration was the idea of creating a regulated exchange, which would be the world’s first. Such an entity would go some way to addressing concerns about criminality by requiring users to provide proof of identity. An unregulated exchange was set up in London in 2011 but closed a year later after its bank account was shut down.

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
JackH
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May 14, 2013, 04:19:38 PM
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This is kinda jaw dropping if it happens. This will actually solidify Bitcoin as a real currency/commodity and finally give us a playing field of exchanging fiat QUICK and easy to real money. (for those that still dont know what real money is, then the magic answer is Bitcoin)  Grin

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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May 14, 2013, 05:03:28 PM
 #8

Woohoo, goodthing governments are taking action to help make bitcoins more popular.
omgitsmehehe
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May 14, 2013, 05:06:26 PM
 #9

Woohoo, goodthing governments are taking action to help make bitcoins more popular.

It is in their best interest so they can tax it....

I hope people never use exchanges run by gov's. You know... the people who quite literally control your monetary assets? Why let them take your bitcoins too?
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May 14, 2013, 05:08:38 PM
 #10

You can bet regulated exchanges wont be as cheap to use as the existing unregulated ones.

Still, it will be a good thing overall.
JackH
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May 14, 2013, 05:55:55 PM
 #11

This is an amazing thing! Why you ask? Because all those that dream regulation will finally get into Bitcoin. That is HSBC, Barclays and hedge funds with billions behind them. Say hello to the bankers, they are our best friends to help us destroy their old world, lol

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
cypherdoc
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May 14, 2013, 06:19:08 PM
 #12

that's really bullish if the UK is actually considering starting a Bitcoin exchange, regulated or not.
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May 14, 2013, 06:32:01 PM
 #13

Interesting times ahead.  At least the government don't appear to be naive enough to think they can ban bitcoin.
The genie is out of the bottle, so better to embrace it. Question is, how long before it becomes law.
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May 14, 2013, 06:51:52 PM
 #14

sooo.. when are the British people going to start regulating their government into non-existence?
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May 14, 2013, 06:53:49 PM
 #15

It's interesting on how they would go by this, I would like to ask who would actually use a regulated run exchange?
Would people prefer to use other non regulated or not?

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FlappySocks
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May 14, 2013, 06:55:51 PM
 #16

A regulated exchange, not a government exchange.  Same way banks are.
lunarboy
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May 14, 2013, 07:10:07 PM
 #17

Just speculation, but if the Brits have seen the chink in out armour, they may attempt to build or just endorse a HMS -UK exchange. Presumably followed by a heavy crack down on (read: regulate into oblivion) all other exchanges, perhaps blocking or restricting any international exchanges.

ID verification to enter unique accounts and hence the potential to claim tax of wealth leaving the system.  

-- you bought 200BTC last year sir ... where are they now? because you've not been paying your capital gains tax.

Obviously this would be highly negative in terms of liberty,  but it would be a massive boost if not the final straw in terms of legitimacy

'Times 03/Jan/2015 Chancellor on brink of adopting Bitcoin as official currency for UK banks ...'  Grin
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May 14, 2013, 07:10:52 PM
 #18


Good article, I think they have to jump and get involved as the numbers involved demonstrates that BTC is not going away. The London Stock exchange is one of the premier exchanges globally, so why not enhance London's reputation for commerce with a "licensed" exchange.
Yes the tax returns etc will be tiresome but, "we all must die......and pay tax"

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May 14, 2013, 07:28:43 PM
 #19

What advantages would a regulated exchange offer to the consumer over the current Gox/Bitstamp/etc?
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May 14, 2013, 07:59:33 PM
 #20

What advantages would a regulated exchange offer to the consumer over the current Gox/Bitstamp/etc?

I'm no expert and I'm just expressing an opinion, but credible large money business would use a "Licensed" exchange.
Gox/Bitstamp would still survive nicely esp for the original reasons of unregulated anonymity. (Us filthy TAX Dodgers)

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