Post
Topic
Board Economics
Re: UK's Plans to Regulate Bitcoin
by
scribe
on 20/03/2015, 21:35:00 UTC
From what I've noticed, this is a good thing. The movement is regulation and control, sure, but it's also more about setting out some certainty about the rules that businesses (including banks) can operate in. Without that, support from legal financial organisations is always going to be paranoid. Anyone that has seen exchanges like Intersango jump from bank account to bank account, or just try to get a startup loan, knows this kind of state move is needed to make Bitcoin legally-plausible.