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Author Topic: UK to have first regulated Bitcoin Exchange?  (Read 769 times)
Dargumin
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May 14, 2013, 02:30:56 PM
 #1

Sounds like the UK may have the first regulated bitcoin exchange which would be a huge boost for Bitcoin.

Its probably still quite a way off though, but imagine the effect on price!

https://bitcointalk.org/index.php?topic=204307.0



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Qoheleth
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May 14, 2013, 05:53:45 PM
 #2

Depends on what you mean by "regulation".

There's plenty of exchanges that seek to comply with the law. There have been plenty, there will continue to be plenty.

The proposal here seems to be an exchange operated by the government itself, which goes a step further. I'd be happy about it, if only because then it'd be difficult for the UK to do a 180 and outlaw/heavily restrict something that's actively making them money.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
Hawker
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May 14, 2013, 05:57:04 PM
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Depends on what you mean by "regulation".

There's plenty of exchanges that seek to comply with the law. There have been plenty, there will continue to be plenty.

The proposal here seems to be an exchange operated by the government itself, which goes a step further. I'd be happy about it, if only because then it'd be difficult for the UK to do a 180 and outlaw/heavily restrict something that's actively making them money.

I think the proposal is to have an exchange the government regulates.  So less silk road traffic but more grannies looking for alternatives to Post Office savings accounts.  The big advantage for Bitcoin is that the risk of a bank closing the exchange would be gone and the ease of buying Bitcoins would be a great benefit.

xavier
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May 14, 2013, 08:22:06 PM
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Please stop trying to move the price upwards.

These posts smack of desparation. Everybody knows, there are no new suckers to buy into the bubble. The bitcoin bubble already burst a while ago, it cannot be propped up for much longer before people loose patience and start selling.

This will not move the price at all. It simply shows how desparate some bitcoin holders are become. Sell bitcoin.
Mike Christ
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May 14, 2013, 08:29:49 PM
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Please stop trying to move the price upwards.

These posts smack of desparation. Everybody knows, there are no new suckers to buy into the bubble. The bitcoin bubble already burst a while ago, it cannot be propped up for much longer before people loose patience and start selling.

This will not move the price at all. It simply shows how desparate some bitcoin holders are become. Sell bitcoin.

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owenprescott
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May 14, 2013, 08:33:44 PM
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I hope so because Bitcoin  sucks in the UK at the moment. Anything is better than nothing at this point.
Qoheleth
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May 14, 2013, 08:51:32 PM
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Everybody knows, there are no new suckers to buy into the bubble.
Well, good! I don't think we, as a community, should want "suckers". We should want people who are interested in using the technology!

Sell bitcoin.
Now why on earth would I do that?

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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