[cryptome] Re: 1st British Bitcoin Exchange due to open

  • From: Peter Presland <peter@xxxxxxxxxxxxxx>
  • To: cryptome@xxxxxxxxxxxxx
  • Date: Wed, 08 Apr 2015 12:34:42 +0100

On 07/04/2015 21:52, Ryan Carboni wrote:

According to Ars Technica, Bitcoin went bankrupt. ;)

That's the 'Bitcoin Foundation' whose relationship with the Bitcoin
currency is analogous to a putative 'Sterling Foundation' set up to
promote understanding and use of the UK currency - in other words, it
has about as much relevance to Bitcoin as the 'Sterling Foundation'
would have to the Bank of England.

And that is NOT the first Bitcoin exchange either. Intersango operated
in the UK for a couple of years - 2012-14ish then quietly folded.
Harassment from the UK authorities and being unable to find a UK bank
prepared to operate a sterling-denominated account for the purposes of
exchange to and from Bitcoin - That's the word on the street anyway.

The thinking evidenced in much of the Bitcoin discussion here is pretty
much exactly what the financial authorities are doing their best to
encourage - In other words they are shit-scared of the implications of
Bitcoin and its siblings.


On Tue, Apr 7, 2015 at 2:57 AM, Douglas Rankine
<douglasrankine2001@xxxxxxxxxxx <mailto:douglasrankine2001@xxxxxxxxxxx>>

According to /The Times,/ Britain's first *bitcoin* exchange is
poised to open. The chief executive of Coinbase has reportedly been
in talks with UK regulators "for at least six months" about setting
up an exchange.____

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