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Topic: UK to have first regulated Bitcoin Exchange? (Read 871 times)

legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
Everybody knows, there are no new suckers to buy into the bubble.
Well, good! I don't think we, as a community, should want "suckers". We should want people who are interested in using the technology!

Sell bitcoin.
Now why on earth would I do that?
sr. member
Activity: 406
Merit: 250
I hope so because Bitcoin  sucks in the UK at the moment. Anything is better than nothing at this point.
legendary
Activity: 1078
Merit: 1003
Please stop trying to move the price upwards.

These posts smack of desparation. Everybody knows, there are no new suckers to buy into the bubble. The bitcoin bubble already burst a while ago, it cannot be propped up for much longer before people loose patience and start selling.

This will not move the price at all. It simply shows how desparate some bitcoin holders are become. Sell bitcoin.

Ha ha ha!  I love jokes!  Tell another one Grin
sr. member
Activity: 260
Merit: 250
Please stop trying to move the price upwards.

These posts smack of desparation. Everybody knows, there are no new suckers to buy into the bubble. The bitcoin bubble already burst a while ago, it cannot be propped up for much longer before people loose patience and start selling.

This will not move the price at all. It simply shows how desparate some bitcoin holders are become. Sell bitcoin.
legendary
Activity: 1218
Merit: 1001
Depends on what you mean by "regulation".

There's plenty of exchanges that seek to comply with the law. There have been plenty, there will continue to be plenty.

The proposal here seems to be an exchange operated by the government itself, which goes a step further. I'd be happy about it, if only because then it'd be difficult for the UK to do a 180 and outlaw/heavily restrict something that's actively making them money.

I think the proposal is to have an exchange the government regulates.  So less silk road traffic but more grannies looking for alternatives to Post Office savings accounts.  The big advantage for Bitcoin is that the risk of a bank closing the exchange would be gone and the ease of buying Bitcoins would be a great benefit.
legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
Depends on what you mean by "regulation".

There's plenty of exchanges that seek to comply with the law. There have been plenty, there will continue to be plenty.

The proposal here seems to be an exchange operated by the government itself, which goes a step further. I'd be happy about it, if only because then it'd be difficult for the UK to do a 180 and outlaw/heavily restrict something that's actively making them money.
member
Activity: 107
Merit: 10
Sounds like the UK may have the first regulated bitcoin exchange which would be a huge boost for Bitcoin.

Its probably still quite a way off though, but imagine the effect on price!

https://bitcointalksearch.org/topic/2013-05-13-financial-times-taxmen-police-and-spies-look-at-bitcoin-threat-204307


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