[2014-08-06] George Osborne embraces Bitcoin as London aims to be centre of glob

[erono]

http://www.telegraph.co.uk/finance/currency/11014508/George-Osborne-embraces-Bitcoin-as-London-aims-to-be-centre-of-global-financial-technology-revolution.html

 The Chancellor is to launch a review to assess how the UK could become a leading global centre for Bitcoin and other virtual currencies.

George Osborne has instructed Treasury officials to work on a study looking at the benefits and threats of digital currencies, which remain unregulated.

The study, expected in the Autumn, will scope out the potential for cryptocurrencies, and their role in business and society, in the context of the overall financial system.

[dwdoc]

He's possibly the 2nd most powerful official in UK.

The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters, equivalent to the role of Minister of Finance or Secretary of the Treasury in other nations. Often simply called the Chancellor, the office-holder controls HM Treasury. The position is considered one of the four Great Offices of State, and in recent times has come to be the most powerful office in British politics after the Prime Minister.

http://en.m.wikipedia.org/wiki/Chancellor_of_the_Exchequer

[marcus_of_augustus]

"Launching a review"


That's about all govt.s are good for ... just keeping launching those reviews you useless plonkers. And no doubt erecting more barriers and laws to thwart real progress ...

Some of us are changing the world for your kids to enjoy.

[FeedbackLoop]

What do the people for whom the "The Lord Mayor" of the "City of London" stands, think about Bitcoin?

[hilariousandco]

He's possibly the 2nd most powerful cunt in UK.

Fixed  .

"Launching a review"

That's about all govt.s are good for ... just keeping launching those reviews you useless plonkers. And no doubt erecting more barriers and laws to thwart real progress ...

Some of us are changing the world for your kids to enjoy.

That's what I thought as soon as I saw this. They're probably just having a nosey looking to see if they should be worried about it or whether it's a threat or a danger to them in someway.

[cr1776]

"Launching a review"


That's about all govt.s are good for ... just keeping launching those reviews you useless plonkers. And no doubt erecting more barriers and laws to thwart real progress ...

Some of us are changing the world for your kids to enjoy.

"Government launching a review of the printing press and fire".  How about just get out of the way!

[Buffer Overflow]

"Launching a review" = How can we tax Bitcoin?

[howardb]

"Launching a review" = How can we tax Bitcoin?

I seriously think you are underestimating George Osborne, he's a very progressive thinker and definately understands the importance of keeping London as the No 1 spot for international finance. I very much doubt he will be anything but a friend to bitcoin in the UK.

[Buffer Overflow]

"Launching a review" = How can we tax Bitcoin?

I seriously think you are underestimating George Osborne, he's a very progressive thinker and definately understands the importance of keeping London as the No 1 spot for international finance. I very much doubt he will be anything but a friend to bitcoin in the UK.

Only if they find a way to tax sales sold in Bitcoin. If they can't and they start losing VAT revenue, you can be 100% certain this friendship will quickly turn sour.

[LiteCoinGuy]

good news 

[marcus_of_augustus]

"Launching a review" = How can we tax Bitcoin?

I seriously think you are underestimating George Osborne, he's a very progressive thinker and definately understands the importance of keeping London as the No 1 spot for international finance. I very much doubt he will be anything but a friend to bitcoin in the UK.

Yeah, he's been progressively trying to screw every last penny of tax out of the UK for the last 4 years ... you should read up on some of the more draconian surveillance and extra-judicial powers that he has handed to the HMRC. In the great sweep of history he is basically a facist when judged objectively.

Not to say that any other western politician has behaved any better, but to say he is leading edge or progressive is just plain BS. They are all beholden to the machinery of the State itself now .... and it is driven to desperation in its bankrupt machinations. If he is in favour of bitcoin it is because he does not understand what it has been designed to achieve.

[LiteCoinGuy]

http://www.bbc.com/news/uk-28670414

[LiteCoinGuy]

http://www.theguardian.com/technology/2014/aug/06/george-osborne-britain-bitcoin-capital

[Buffer Overflow]

good news 

Best wait till you read the review.

[icey]

http://www.dailymail.co.uk/news/article-2717837/Britain-regulate-Bitcoin-make-safer-easier-use-virtual-currencies-George-Osborne-reveals.html

another link for the same story

[DooMAD]

This creates a moral conflict for me.  On the one hand, I can't stand the tories and think they're odious, corrupt, self-serving scum.  But on the other hand, they appear to be supportive of bitcoin, so they've got one thing right at least.  Still wouldn't vote for them or anything.  I suppose purely by the law of averages they'd have to make something resembling a smart decision at some point.   

[howardb]

This creates a moral conflict for me.  On the one hand, I can't stand the tories and think they're odious, corrupt, self-serving scum.  But on the other hand, they appear to be supportive of bitcoin, so they've got one thing right at least.  Still wouldn't vote for them or anything.  I suppose purely by the law of averages they'd have to make something resembling a smart decision at some point.  

What a coincidence, I was thinking the same thing about Labour, with the exception they never get a single thing right!

[DooMAD]

This creates a moral conflict for me.  On the one hand, I can't stand the tories and think they're odious, corrupt, self-serving scum.  But on the other hand, they appear to be supportive of bitcoin, so they've got one thing right at least.  Still wouldn't vote for them or anything.  I suppose purely by the law of averages they'd have to make something resembling a smart decision at some point.  

What a coincidence, I was thinking the same thing about Labour, with the exception they never get a single thing right!

Can't really say I'm a fan of Labour either.  They might be marginally less corrupt, but not by much.  All the major UK parties are essentially looking to line their own pockets and claim expenses while screwing everyone else over.  Maybe it's just politicians in general I'm not a fan of, heh.  

[TheButterZone]

Oh my glob.

[howardb]

This creates a moral conflict for me.  On the one hand, I can't stand the tories and think they're odious, corrupt, self-serving scum.  But on the other hand, they appear to be supportive of bitcoin, so they've got one thing right at least.  Still wouldn't vote for them or anything.  I suppose purely by the law of averages they'd have to make something resembling a smart decision at some point.  

What a coincidence, I was thinking the same thing about Labour, with the exception they never get a single thing right!

Can't really say I'm a fan of Labour either.  They might be marginally less corrupt, but not by much.  All the major UK parties are essentially looking to line their own pockets and claim expenses while screwing everyone else over.  Maybe it's just politicians in general I'm not a fan of, heh.  

The sad thing is, if you get involved (as I have) at grass roots party members are actually salt of the earth types that are committed to helping everyone, it's only the power grasping sleezebags on both sides that let them down.