UK Bank Account Compensation Limit Decrease Heralds The Era of Plan Bitcoin

UK Bank Account Compensation Limit Decrease Heralds The Era of Plan Bitcoin

When even banks are not able to guarantee consumer funds safety in the event of a major economic shock, things are taking a drastic turn for the worse. Earlier today, an announcement was made in regards to a new rule that will go into effect come January 1, 2016. If a UK bank goes bust, consumer accounts will only be “protected” up to GBP 75,000, which is a near 12% decline compared to the previous limit of GBP 85,000. Time for Plan B[itcoin]. Every individual bank customer in the world has some sort of guarantee from the financial institution to compensate a portion of their wealth if the....


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