Re:Bitcoin faces regulatory crackdown, Bank of England warns
by adwf on Friday March 02, 2018 @02:59PM
(#16505120)
I suspect that the AML and KYC regulations will start to be enforced for bitcoin in the UK at some point. Bear in mind that London is one of the biggest financial centres in the world; if they can't trade it due to AML laws, then we'll really see if they have an influence
Serious jail time if a business is caught in any of the stages of the money laundering process.
Re:Bitcoin faces regulatory crackdown, Bank of England warns
by russdpale on Friday March 02, 2018 @12:38PM
(#16503776)
I will be buying the dip. Be greedy when others are cautious.
Re:Bitcoin faces regulatory crackdown, Bank of England warns
by dogecoinbase on Friday March 02, 2018 @01:04PM
(#16504075)
Be greedy when others are cautious.
Youth really is wasted on the young.
Re:Bitcoin faces regulatory crackdown, Bank of England warns
by joeblow9999 on Friday March 02, 2018 @02:40PM
(#16504914)
It's a paraphrase of Buffet's quote
'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'
Not so young.
Re:Bitcoin faces regulatory crackdown, Bank of England warns
by monkeyfoop on Friday March 02, 2018 @09:02PM
(#16507405)
This.
I started salivating at the thought of hopefully grabbing BTC, BCH, and ETH at a discount like we did recently
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.