03-05-2015 United Kingdom Becoming A World Leader In Bitcoin Innovation

[SRINKO]

http://www.btcfeed.net/uncategorized/united-kingdom-becoming-world-leader-bitcoin-innovation/

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[Kprawn]

When the U.K. government’s Digital Economy minister, Ed Vaizey, says things like ..... "We want to make these e-payments faster, quicker, we want to make it as safe as possible. And we want to look at the kind of technologies that the digital currencies use to allow end systems to operate in a de-centralized way, with no intermediaries. We want to look at how the new technologies can benefit consumers and the wider economy. So that’s something the Treasury is very interested in.” ..... you know they grasp the concept and they are geared to make it work for them.

We still have governments out there, who do not even know what Bitcoin is.... or crypto currencies, so the UK is way ahead of the rest.

The confidence in the governments commitment shows when big companies like RE/MAX London announce their acceptance of Bitcoin for property rentals and purchases.

When the rest of these governments wake up.... they will have to eat the bread crumbs that has fallen off the table.

[LiteCoinGuy]

UK has "nothing" beside the finance sector. so they have to be the hub for BTC

pretty good.

[BitCoinNutJob]

We arent going to become the world leaders until we sort the banking issues out.  We will likely be very much hands off as regards legal aspects which is a bonus.

[gentlemand]

Is there anywhere with such a disconnect between what elements of government are saying and the banks?

The UK BTC economy is pitiful compared to most first world countries. If the government was keen on moving things along they'd put together some guidelines so banks can't hide behind the lack of regulation excuse.

[okthen]

Is there anywhere with such a disconnect between what elements of government are saying and the banks?

The UK BTC economy is pitiful compared to most first world countries. If the government was keen on moving things along they'd put together some guidelines so banks can't hide behind the lack of regulation excuse.

Well it's like most countries in the end.
I think the fact that there are no big GBP exchanges doesn't help, people can't have positive thoughts about something they don't use.

[gentlemand]

Is there anywhere with such a disconnect between what elements of government are saying and the banks?

The UK BTC economy is pitiful compared to most first world countries. If the government was keen on moving things along they'd put together some guidelines so banks can't hide behind the lack of regulation excuse.

Well it's like most countries in the end.
I think the fact that there are no big GBP exchanges doesn't help, people can't have positive thoughts about something they don't use.

If you're in Europe there are banking options. If you're in the US there are options too. I don't know of a single business in the UK that's managed to maintain a bank account. I'm not sure there's anywhere quite like it anywhere else.

[okthen]

Is there anywhere with such a disconnect between what elements of government are saying and the banks?

The UK BTC economy is pitiful compared to most first world countries. If the government was keen on moving things along they'd put together some guidelines so banks can't hide behind the lack of regulation excuse.

Well it's like most countries in the end.
I think the fact that there are no big GBP exchanges doesn't help, people can't have positive thoughts about something they don't use.

If you're in Europe there are banking options. If you're in the US there are options too. I don't know of a single business in the UK that's managed to maintain a bank account. I'm not sure there's anywhere quite like it anywhere else.

The UK has a protective government, which may actually be good because if they decide in favor of bitcoin people will trust it, whereas in the rest of Europe there are many "I don't know.../Yeah it's kinda legal.../Go ahead and use it but don't ask us questions..." kind of politics regarding crypto.