Bitcoin Refused.....

[CryptoDream2049]

The UK is making it very difficult for the country's Bitcoin related business and services.  Word has it that they are concerned for the clients.

Really do we believe that..NOT This looks like a calming as the Brexit continues and they are just looking to smooth things over during this process. They [UK ] will have to deal with this at some time as Bitcoin is not going away.

[seizetehday5]

Haha I always find these stories hilarious and at the same time humbling. Hilarious because they dont even know what is going to hit them in the face when bitcoin does not stop growing or getting recognition. But also humbling

because it means I know more about bitcoin than the whole entire parliament or the people who make these dumb decisions but oh well I feel good 

[sylance]

I don't disagree that Bitcoin is outside government control and that it can outlast government intrusion... but governments can make it really difficult for us.  All they have to do is pass regulation that prevents banks from working with any crypto company.  Imagine if Americans didn't have access to Coinbase and companies like them.  The only way to get fiat into crypto would be through localbitcoins and the like.  That would dramatically slow down it's growth.

[Agozyen]

Governments and Legacy Financial are putting on their "THINK OF THE CHILDREN" act.  It's not about concern for the general public but about their control and bottom line.  There are projects in the pipeline that will chip away and erode the trillions of market cap of Wall St and transfer it to Crypto.  This cannot be stopped.  This is Netflix and Blockbuster all over again, except on a much larger scale.  

[Agozyen]

I don't disagree that Bitcoin is outside government control and that it can outlast government intrusion... but governments can make it really difficult for us.  All they have to do is pass regulation that prevents banks from working with any crypto company.  Imagine if Americans didn't have access to Coinbase and companies like them.  The only way to get fiat into crypto would be through localbitcoins and the like.  That would dramatically slow down it's growth.

I agree 100%.

I think when crypto adoption hits a certain point you will see tax laws evolve to include them.  Here in the US it was up to the consumer to pay local state taxes on goods purchased over the Internet before the states clamped down.  We will see something similar for crypto.  Once the states start seeing revenue from crypto it will be harder to get rid of.

[traderethereum]

Governments and Legacy Financial are putting on their "THINK OF THE CHILDREN" act.  It's not about concern for the general public but about their control and bottom line.  There are projects in the pipeline that will chip away and erode the trillions of market cap of Wall St and transfer it to Crypto.  This cannot be stopped.  This is Netflix and Blockbuster all over again, except on a much larger scale.  

oh yeah, they always put that quote to many things to makes us aware from bitcoin but truly they don't know nothing about bitcoin and i think they should learn bitcoin before they giving that quote. i think government is confusing to find out the way to stop bitcoin among the people but they don't found any way so they do every way that they can to get people attention. this will not be work if they want to stop people from using bitcoin because people interesting with bitcoin because bitcoin can give many benefit to them so people still want to stay in bitcoin world.

[Raegorl]

It would be a shame if the United Kingdom started imposing obstacles to cryptocurrencies. And it would really set them back economically once other nations start getting involved (and it starts growing on a faster pace) while they get left behind with their medieval policies.

[babsjoe]

The Enlish (observing from outside) are very conservative and deliberate! You will still see the cars of the 40's on heir street. If you are in the UK  I am sure you will find away out of  this! There will always be a way with the bitcoin and superior crypto currency!