Bitcoin Forum
August 22, 2019, 12:43:41 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-06] Britain eyes Bitcoin, rivals, with virtual currency rules  (Read 686 times)
erono
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 06, 2014, 06:14:16 AM
 #1

http://www.scmp.com/business/banking-finance/article/1567534/britain-eyes-bitcoin-rivals-virtual-currency-rules

The announcement came in a package of measures unveiled by finance minister George Osborne aimed at boosting financial innovation in London to help fend off challengers to the city’s status as the world’s leading financial centre.

Unlike conventional money, virtual currencies are not backed by a central bank or government, but have become increasingly used as a means of online exchange with some bricks-and-mortar vendors also accepting them as payment for goods and services.

“The government will look at the potential virtual and digital currencies have for achieving positive change and for encouraging innovation in our world leading financial sector, as well as the potential risks,” said a finance ministry statement.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566477821
Hero Member
*
Offline Offline

Posts: 1566477821

View Profile Personal Message (Offline)

Ignore
1566477821
Reply with quote  #2

1566477821
Report to moderator
1566477821
Hero Member
*
Offline Offline

Posts: 1566477821

View Profile Personal Message (Offline)

Ignore
1566477821
Reply with quote  #2

1566477821
Report to moderator
1566477821
Hero Member
*
Offline Offline

Posts: 1566477821

View Profile Personal Message (Offline)

Ignore
1566477821
Reply with quote  #2

1566477821
Report to moderator
Kprawn
Legendary
*
Offline Offline

Activity: 1750
Merit: 1058


View Profile
August 06, 2014, 08:42:40 AM
 #2

So are they worried that it's not governed and controlled by a central organization, because this is the reason why people adopted it in the first place.  Grin

They feel safe, when they can control it, and there in the problem, BTC do not want to be controlled, it's protocol was designed to eliminate manipulation by central entities.

Once it's centralized and controlled, people will not use it, and they will invent the next technology, not controlled by central entities.

freebitcoin.TO WIN A  LAMBORGHINI!..

.
                                ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
                    ▄▄▄▄▄██████████████████████████████████▄▄▄▄
                    ▀██████████████████████████████████████████████▄▄▄
                    ▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
                    ▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
                      ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
                           ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
                   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Bank Of Bitcoin
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
August 06, 2014, 08:46:47 AM
 #3

So are they worried that it's not governed and controlled by a central organization, because this is the reason why people adopted it in the first place.  Grin

They feel safe, when they can control it, and there in the problem, BTC do not want to be controlled, it's protocol was designed to eliminate manipulation by central entities.

Once it's centralized and controlled, people will not use it, and they will invent the next technology, not controlled by central entities.
yes no one controll about thats . just adopted one person to another price . if this stilll grow .
it will going really big and useless feature again .
gmx95
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
August 06, 2014, 11:34:23 AM
 #4

I don't understand why they need to make new rules? They have the "e-money" rules, related to electronic payments and staff. Bitcoin should just fit into that category I think.

Bitcoin and Litecoin trading platform. Up to 100% deposit bonus. Fund with credit card. http://novafxtrading.com/bitcoin-trading
howardb
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
August 06, 2014, 04:26:23 PM
 #5

I don't understand why they need to make new rules? They have the "e-money" rules, related to electronic payments and staff. Bitcoin should just fit into that category I think.
They have not announced new rules, simply a  review of the technologies and potential impact. Thats not saying it won't lead to new rules, and those rules might not necassarily be bad for bitcoin. I doubt they will go as far or be as restrictive as New York, but legitimising bitcoin with the banks would go a long way to freeing up innovation, since main problem at moment is no UK banks will knowingly hold business accounts for bitcoin linked companies.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!