Topic: Sign this to allow cryptocurrencies in England (Read 759 times)
Well I would prefer to keep government as far away from cryptocurrencies as possible.
Even if I agreed it were necessary, which as others have pointed out it is not, I would never sign such am appallingly worded petition.
Also why does the OP say "England"? Are the people of Scotland, Wales and Northern Ireland not to be allowed to use crypto?
I suspect the poster above is right and this is someone not from the UK (hence the conflation of UK to England) trying something for their own ends.
Also why does the OP say "England"? Are the people of Scotland, Wales and Northern Ireland not to be allowed to use crypto?
I suspect the poster above is right and this is someone not from the UK (hence the conflation of UK to England) trying something for their own ends.
Great to see that countries are allowing people to speak up for themselves, this is called prospering 
this is another FUD spreading exercise to attempt a price drop.
stage 1. start a petition that is not even needed
stage 2. get press involvement and trick them into believing its needed
stage 3. government tell the OP its not needed and they wont process the petition
stage 4. OP twists the words and says the government has declined to allow bitcoin acceptance petition
stage 5. the FUD starts flying that bitcoin is banned, when the truth is the petition has been torn up due to waste of time
stage 1. start a petition that is not even needed
stage 2. get press involvement and trick them into believing its needed
stage 3. government tell the OP its not needed and they wont process the petition
stage 4. OP twists the words and says the government has declined to allow bitcoin acceptance petition
stage 5. the FUD starts flying that bitcoin is banned, when the truth is the petition has been torn up due to waste of time
Am I missing something? The guidelines have already been published and my accountant briefed 
Who is this "Milad Laly"? Is he or she actually in the UK? The grammar is all over the place.
I would love to see high street shops and mail orders accepting Bitcoin, but I don't see buying a travel card with Bitcoin though
A couple of decades or so ago I would have said that Milad Laly was someone who used English as a second or third language.
Now I would suggest that they were a fine product of the UK educational system.
Who is this "Milad Laly"? Is he or she actually in the UK? The grammar is all over the place.
I would love to see high street shops and mail orders accepting Bitcoin, but I don't see buying a travel card with Bitcoin though
The UK treats virtual currencies just as it would any other currency.
The latest HMRC guidance states that anyone can buy, sell or mine virtual currencies in the UK.
It also states that taxes are due on selling anything priced in virtual currencies just as they would be if you offered something for sale in the UK in euros or dollars. If you mine in the UK then taxes are required on the profits from mining or if you buy and hold virtual currencies and profit then you are taxed using the existing Capital Gains taxation.
The latest HMRC guidance states that anyone can buy, sell or mine virtual currencies in the UK.
It also states that taxes are due on selling anything priced in virtual currencies just as they would be if you offered something for sale in the UK in euros or dollars. If you mine in the UK then taxes are required on the profits from mining or if you buy and hold virtual currencies and profit then you are taxed using the existing Capital Gains taxation.
Didn't the UK release a notice about how UK citizens do not owe taxes on digital currency that they mine? Wouldn't that obviously mean that they are already "allowed?"
will sign soon
They already are allowed.
Local councils in the UK are even introducing their own altcoins http://www.telegraph.co.uk/technology/news/10734073/Hull-Council-printing-its-own-money-by-paying-digital-cash-for-voluntary-work.html
Local councils in the UK are even introducing their own altcoins http://www.telegraph.co.uk/technology/news/10734073/Hull-Council-printing-its-own-money-by-paying-digital-cash-for-voluntary-work.html
Please sign this to allow CryptoCurrencies in England:
http://epetitions.direct.gov.uk/petitions/63207
Thanks
http://epetitions.direct.gov.uk/petitions/63207
Thanks
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