Could London become the capital of cryptocurrencies?

[haploid23]

Why would you want a bitcoin capital, and what would that accomplish? Naming something a crypto capital is heading towards the direction of centralization. Please keep it as decentralized as possible, we don't need another "Bitcoin Foundation" version 2.0.

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[twistyfy]

Could London become the capital of cryptocurrencies?
http://www.cityam.com/blog/1401882571/bitcoin-britain-could-london-become-capital-cryptocurrencies

It's a good possibility. They just have to play their cards right.

[Beliathon]

>>"Could London become the capital of cryptocurrencies?"

No. Earth is already the capital of cryptocurrencies.

[freebitcoins4u]

if they regulate then the price will go up becuase it will me btc more legitimate currency

[bryant.coleman]

Tax rates are too high in London, and the rules regarding Bitcoin are too vague. Also, Bitcoin-based firms in London will have to obey the EU rules on money laundering and currency exchange. So... overall not much of a chance. 

Still though positive opinions by a government body is good for bit coin's legitimacy.

Positive opinion by the government officials don't mean anything, unless we have a written agreement. These people can change their opinion anytime they want. Positive opinion can suddenly become negative opinion.

[gentlemand]

Not a single UK bank seems to want to play ball with crypto businesses. London's going to be left far, far behind.

[Ron~Popeil]

Not a single UK bank seems to want to play ball with crypto businesses. London's going to be left far, far behind.

So is the US I think. Though one could argue that banks being interested in bit coin is not a good thing anyway.

[gentlemand]

The US is a comparative BTC paradise. I'm not sure there's a single above-board crypto business that's maintained a business bank account anywhere in Britain.

A full crypto economy would be great but it's going to have interaction with regular currencies for the foreseeable future so banking relationships will be a necessity for many.

[Erdogan]

Why would you want a bitcoin capital, and what would that accomplish? Naming something a crypto capital is heading towards the direction of centralization. Please keep it as decentralized as possible, we don't need another "Bitcoin Foundation" version 2.0.

Right, we don't need no stinkin capital city. We need world.

[Swordsoffreedom]

They have a long way to go to compete with the development in Canada
But that said the industry is young and their certainly is a possibility that they could rise up to the capital status
London is a historical financial hub and capital so if it becomes one for crypto as well that would be neat.

[Ron~Popeil]

They have a long way to go to compete with the development in Canada
But that said the industry is young and their certainly is a possibility that they could rise up to the capital status
London is a historical financial hub and capital so if it becomes one for crypto as well that would be neat.

Vancouver would be a good candidate for Canada. Toronto is not far behind though.

[DooMAD]

The Isle of Man have thrown their hat into the ring.  They've probably got a better chance of attracting new businesses than London because of lower taxes and costs.