Bitcoin and similar cryptocurrencies are banned in the UK

[abohasnn9 2401]

My friend, although Britain came with a good economy and is self-sufficient, I think that working with cryptocurrencies is the modern way in the modern economy, so the embargo policy is useless and I hope you think about supporting cryptocurrencies. Thank you.

[Roan 2166]

After the increase in demand for digital currencies, especially Bitcoin, and prices rose dramatically, which led to a tightening of the screws on the world's currencies, especially the dollar.

I think they will try to do something to protect their currencies, but the world is moving towards Bitcoin and they must understand that and rush to create digital currencies for each country.

[annayks 2314]

I don't know why this post got any positive reactions, since it is containing wrong information in the title, and completely different information from the title in the topic. I don't understand what the OP means in his post either, something about Bitcoin exerting pressure on the pound, where did this came from?

[Hanbal 359]

I don't think this information is authentic where do you get the source of this  information ? though crypto is facing a great exertion from many countries some countries banned it while some countries have still not taking any decision about it and i think UK is one of the country that have not taking any decision about cryptocurrency.

[Lokeloke 576]

Not only that it was banned in the UK many countries is yet to accept crypto currency as a legal tender to the best reason known to them but I'm just wondering why UK as a country that is doing well Technologically will ban cryptocurrency too

 

[Syriana 350]

I think that the Bitcoin currency is a danger to the existing fiat currencies, so it is fighting it and trying to pressure it because it is a danger to it and this cryptocurrency is considered in the growth stage and will achieve great success in the future

[joemcgwa 3227]

Those countries that's are banning cryptocurrency from their countries they have not seen any benefit from bitcoin uses that's why they were banned crypto currencies.

[Cryptic 0]

That kind of thing makes me sad, because I want the Cryptocurrency to be accepted by the whole world but I think it would be hard to achieve since some country are against to it. Due to some reasons like because it is decentralized meaning it could use from illegal activity because it makes the user of it anonymous that would be a burden for the authority to catch the criminals. But I do hope that this kind of concern and problem will be fixed soon.

[Samotokika 1780]

On 10/6/2020 at 8:54 PM, ugurgl said:

 

Britain's reaction to bitcoin so much, we must have understood the pressure bitcoin exerts on the pound, the new world cryptocurrency world continues to change the whole economy has rolled the dollar now the pound is melting

There are a lot of countries in the whole world that are opposing the digital currencies and they are considered all digital currencies as a scam for innocent people and they resist and band them that people could not use it I think that if there would be a strong security system then govt issues would be resolved.

[basel23 1722]

Cryptocurrencies greatly affect the global economy, not just the Australian pound, but I don't know if cryptocurrencies are banned in England or not, but many governments are fighting cryptocurrencies, but I don't think this will last for a long time because cryptocurrencies are spread widely.

[Khan 1414]

19 hours ago, Abdullah541 said:

man things are deteriorating this year and a little while ago I think how figure things can deteriorate more this way is never I had considered man digital currency is going down and its bad at all lets simply trust the circumstance can't deteriorate than this.

Many other countries are banning the crypto currency and many are thinking about to legalize it but still there are issues between the Law maker and crypto currency users/owners.

[cryptovlek 2597]

I think there is a mistake in this title post, there is nothing banned in the UK and saying that makes no sense as it would have been massive and the news would have covered it as a historic decision that would undermine cryptocurrencies a lot. UK hasn't banned cryptocurrencies and Bitcoin is one of the major assets traded in the country.

[alaarami 103]

Dear world, Sue changes with those currencies, as cryptocurrencies can have a rise and have a clear future where cryptocurrencies have taken a large place in the economic field and this is what helps the cryptocurrencies to grow very quickly.

[Usman Basheer 174]

Well this is a strange thing, I do not know where it is happening or where it is getting 12 Where we are also getting the whole world is getting this fire, whether it is healthy or not, do not know why.  

[Msh9 84]

In fact, my dear friend, I think that the bitcoin currency will gain great strength this year and it will get great popularity and will work with most of the countries of the world without the state standing in its face because it will help improve the economies of countries.

[Baba g Sialkot 527]

Many countries deny the utilization of digital currency since it adversely influences their own fiat currency, however I don't figure they can win this fight since digital forms of money are spread broadly around the globe.

[Amna Hareem 1213]

On 10/6/2020 at 8:54 PM, ugurgl said:

 

Britain's reaction to bitcoin so much, we must have understood the pressure bitcoin exerts on the pound, the new world cryptocurrency world continues to change the whole economy has rolled the dollar now the pound is melting

 It is not a good news and I think it is very bad Bitcoin is not banning gaint only in US it is also banned in many other countries and it is illegal to use I think government should allow it and people should use it easily because in other countries people are using it and earning huge profits through it so it's people right to use it and and earn profit through it.

[koynayak 1923]

It's not a good news but i don't think they can banned crypto for a long time. Crypto is becaming more famous every year and developed countries must be legalize the crypto. We're living in a digital world and we have to adap crypto. It's better how soon we adapt. I am pretty sure england will legalize crypto soon.

[Farukatie 1271]

Yes dude this is the worst thing that happens in UK about cryptocurrencies that they are banning cryptocurrencies in their country and this is a very bad thing actually they got fear their dear currency will goes away and people just use cryptocurrencies to do their online transactions fastly and easily that's why UK's government banning cryptocurrencies in their country.

 

[moonfox 274]

The U.K.'s Financial Conduct Authority (FCA) announced a ban on the sale of crypto derivatives to retail clients from January 2021.
Derivatives - is a contract between two parties which derives its value/price from an underlying asset. The most common types of derivatives are futures, options, forwards and swaps.
So... you can buy bitcoins anyway on crypto exchanges

Edited January 5, 2021 by moonfox

[betania1 283]

There are many things that affect some countries where they determine that BTC is a threat without even trying, but keep in mind that since the pandemic many countries have changed their minds, seeing it safer to use cryptocurrencies for purchases and payments, so it is possible that they are already fully accepted. cryptocurrencies in the world.

[Azeem ullah 157]

There are rules and regulations of every site and if anyone will not follow those rules then obviously he will be banned. The same happened in the case of UK and they didn't follow the rules of the cryptotalk site so cryptotalk banned them. Cryptotalk pay only to those who always work hard and post good content. 

[tienda 8776]

It became customary, governments when they fail, blame Bitcoin! Fiat money is not affected because of Bitcoin, the main reason of the fiat money devolution is because of the economy crisis, and in this case UK their problem is because of the Brexit.

[Quickbee 26]

That's bad news for Crypto users in the UK. Now India is also keen on banning 'all private currencies'  and introduce their own cryptocurrency. So bad news for Indians who are using Cryptocurrency. Hope both the countries have a change of mind.

[Jack764 1841]

Until now, the field of cryptocurrencies has not spread and spread and is accepted by countries, and if it is accepted by one of the major countries, this will make its acceptance from the rest of the countries faster.