Bitcoin and regulation are two topics which will never mix well. Barclays bank is looking to change that trend by urging the UK government to undertake regulatory action against Bitcoin and related service providers.
Really good news for Bicoin and Cryptocurrencies in general!!
Banks usually shy away from being associated with Bitcoin and other cryptocurrencies, given Bitcoin’s reputation as a pseudonymous currency used in drug trades.
Is this trend changing??
For example, Japan made it legal for merchants to begin accepting bitcoin as payments and Russia is also looking at ways to regulate it. The FCA in the U.K. has been cautious on bitcoin, however.
http://video.cnbc.com/gallery/?video=3000630661
http://video.cnbc.com/gallery/?video=3000630659
"We have been talking to a couple of fintechs and have actually gone with the fintechs to the FCA to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play,"
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Very good post @greensmile
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Nice picture @greensmile
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