There's a tenable argument the UK simply isn't a big enough influence on BTC prices to make much difference and the regulation probably won't go very far, but arguing that making Bitcoins more difficult to acquire, spend or turn into something spendable is going to drive demand for it is just silly.
Serious jail time if a business is caught in any of the stages of the money laundering process.
Youth really is wasted on the young.
Not so young.
I started salivating at the thought of hopefully grabbing BTC, BCH, and ETH at a discount like we did recently
- Germany just excluded small purchases with cryptocurrency from capital gains.
- The heads of the CFTC and SEC recently testified to Congress, both with a very positive view on cryptocurrency (though the SEC intends to crack down on ICOs).
- People worried about a shutdown in South Korea but instead they're just moving to better-regulated exchanges.
- Japan has officially recognized cryptocurrencies as valid payment methods.
- Switzerland just released official guidelines for ICOs.
It seems that the market is ignorant against news like this. As we have seen after what some countries had attempted to ban
People will see value in this and try to acquire it. Making it harder to buy may very well put bitcoin a higher price or activity goes underground. Everyone loses