Press "Enter" to skip to content

Is the UK becoming somewhere great for cryptocurrency?

Coinbase have just receved and eMoney license, which basically means that they are regulated, it means that UK people will be able to get pretty fast, same day transfers out to bank accounts. Skrill already pay on the same day although claiming to take 3 to 5 working days (not at weekends).

Regulation acually is not a bad thing in itself when it leads to being able to move money in and out of crypto easliy, however, I would always prefer, every time to USE Bitcoin to buy and sell goods and services – after all, that’s what currency is about, just holding on to a pile of coins doesn’t make a currency, it’s when people use the currency to trade, then it becomes alive.

All the while politicians and rulers hold cryptocurrency, it will not be taken away. Maybe one day we will use it more on a day to day basis. But perhaps I can only dream.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

(C)Copyright UK Bitcoinblog.com all rights reserved. Images copyright of their original authors.