How Brexit will impact bitcoin

[yogg]

I believe the Brexit will benefit the UK immensely.

Most of the cutting edge financials services are located in the UK nowadays.
Monese. Revolut. Wirex. How many more am I missing ?

As things are evolving today, the UK post-brexit may very well become a tax-heaven of choice for the EU citizens and companies, since they aren't subject to the EU rules anymore.

[randythered]

It won't. Brexit will have no bearing on bitcoin use, bitcoin development or bitcoin price. Give me any good reason it might make a difference.

[Jannn]

It is highly unlikely that brexit will affect the world economy to any major degree, and as such it probably wont dent the crypto economy.

It's not like the UK is the major player in the cryptosphere.

[franky1]

alot of people in this topic are thinking about the price (facepalm) impact

but when you seen facebook slowly move parts out of america and is done in the uk
more of american facebook stuff will move out of america and into the UK because labour costs are better

other businesses will start up. UK could end up being the next palo alto

[mmo_online_1981]

Any major political or economic change affects currencies and other high-value assets, bitcoin, as well as assets, which are subject to fluctuations.

[budismile]

If I read in domestic stock groups and foreign stocks, England Brexit will not affect Cryptocurrency. if the UK wants a BREXIT, then all that will only reduce the purchasing power of the product itself. and moreover, Cryptocurrency is not centered on shares in a country. So Bitcoin will remain safe and will not be affected by Brexit England.

[hometester]

don't quite understand how these 2 news can there be?

[Ferki]

Bitcoin is international,brexit has nothing to do with it.But if GB ban crypto just like South Korea did then we need to discuss it.Right now,GB is still in europe

[darkangel11]

I believe the Brexit will benefit the UK immensely.

Most of the cutting edge financials services are located in the UK nowadays.
Monese. Revolut. Wirex. How many more am I missing ?

As things are evolving today, the UK post-brexit may very well become a tax-heaven of choice for the EU citizens and companies, since they aren't subject to the EU rules anymore.

Only if they don't experience money shortages thanks to EU sanctions.  The EU can't stop GB from moving out but it can make the journey unpleasant, starting with with the so called EU divorce bill. Last time I checked Britain was to pay the EU something between 20 and 40 billion € and even if it leaves in 2019 it will have to keep paying its normal contributions until the end of 2020. They may find it difficult to keep taxes low at this point.

[awawo]

The Brexi it self was never a solution to the challenges faced between the bitcoin and the UK government, but what I think is that in the near future their will still come up with a new method just to effect changes in the bitcoin market. But as at now the Brexit will not have direct effect on bitcoin price and progress.

[atree]

brexit , tell you what , if this happens as it looks like it shall then they may need blockchain and fast , the estimate is that data recording and audits will rise 500% because of brexit , thats a lot of extra paperwork to do , cost them a fortune

hello Factom

[asdlolciterquit]

The Brexit was, despite the campaign that led to it, entirely unexpected, and there are a lot of puzzling implications for the Bitcoin

for example? i'm asking becouse i can't really think at only one implications.

I'm pretty sure that the pount will not lose enought power to make people exchange pound to bitcoin..

[aoluain]

To be honest i cant believe that it hasnt impacted bitcoin pricing so far.
BREXIT is massive and there are problems in creating a solution to some
issues. If there is a "no-deal" the economy is going to suffer which is
looking like the likely scenario ATM. So in theory i would have expected
a lot of sterling to go into bitcoin.

More reading >

https://www.scotsman.com/news/rbs-boss-says-no-deal-brexit-could-spark-recession-1-4809644


https://www.irishexaminer.com/breakingnews/business/rbs-boss-warns-no-deal-brexit-could-lead-to-recession-873479.html

[PM.coins]

I want to know, what is the basis for Brexit affecting the Bitcoin market flow? I really did not understand and became a little confused. But I am sure it will have no impact at all. According to my understanding.

[Symptomatic]

Brexit is not likely to impact bitcoin in anyway. The severance of UK from the European Union has previded UK with more opportunities regarding cryptocurrency reforms.

[Herbys]

The UK has been one of the most popular destinations.

Basically, all the influences of Brexit will be focused on the London financial services industry.

Uncertainty around how Brexit can influence the regulation of cryptocurrency and investing in it, since trade with the EU and the UK will become much more expensive and more difficult.

The British government is considering the need to regulate Blockchain and control the industry from the Financial Conduct Authority (FCA).

[delphic]

Bitcoin is like a litmus test in the economic and political world.All major events in the world greatly affect it.Brexit is no exception.Especially given the sphere of England's influence on the world.

[coolcoinz]

I don't see any connection between brexit and cryptocurrencies. Britain isn't even a huge crypto market. I dare to say that if GB were to heavily regulate cryptocurrencies and limit people's access through KYC, we wouldn't face a huge move in price. It would of course be a different story if the new policy happened to coincide with a natural correction.
Brexit won't even impact Britain's economy very much. They will lose on some grounds and gain on other. I think long term it will be better for them.

[Al-e_x]

I think, brexit will not affect the bitcoin market, brexit is not part of something that can affect the crypto market.

we will wait for a bullish market when the demand value becomes high. not because of brexit.

[sublime5447]

in direct connection there will certainly not be any impact at all on Bitcoin or crypto widely, but if talking about indirect connection is rather difficult because it covers very many aspects involved here, but it cannot be denied that regulation makes Brexit a comfortable home for crypto users.

A small country like the UK can't have a big impact on something which runs all around the world (e.g. internet, bitcoin, ...).

in terms of size, the area is relatively small if you compare it to China but in terms of economic strength, the UK cannot be underestimated, especially with the power of Commonwealth.