Scotcoin Price Avoids Collapse After Scotland Votes No on Independence
When Scotland was contemplating seceding from the United Kingdom, some citizens put forward proposals that an independent Scotland should adopt bitcoin-or another cryptocurrency such as the Scotland-themed Scotcoin-as its national currency. However, Scotland voted down the independence referendum, meaning that Scotland will remain in the United Kingdom and retain the British Pound as legal currency. Once this became clear from the polls in the days leading up to the vote, the Scotcoin price dropped. However, despite its decline, the Scotcoin price has avoided collapse. Scotcoin Price....
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The Scottish referendum is well known to anyone who has been following the news closely. Scotland, which is currently part of the United Kingdom, has expressed its desire to be independent. On this topic, the people of Scotland held a referendum where they voted for or against Scotland's separation from the country. While the voters against independence won with a narrow margin, one of the concerns raised about the after-effects of independence was about currency. Scotland has been and still uses the pound sterling as its currency, and splitting from UK would have meant changing their....
As a result of the United Kingdom’s Brexit vote to leave the European Union, American bank JP Morgan/Chase expects that Scotland will leave the UK, and will likely adopt its own currency. In a note to clients, JP Morgan economist Malcolm Barr indicated that Scotland is likely to hold its own successful independence referendum and exit the United Kingdom before the latter’s own departure from the European Union. “Our base case is that Scotland will vote for independence and institute a new currency at that point (2019).” Willie Fleming, director of the Scotcoin Project, an organization....
Temple Melville, Scotcoin’s majority holder, discusses the future of a cryptocurrency designed for the Scottish people. In late 2015, a major pub in Glasgow started accepting Scotcoin payments for pints. Scotcoin, a cryptocurrency created by Derek Nisbet, meant to serve as a currency for Scotland as an alternative to the British Pound, rose into prominence before Scotland’s referendum for independence from the United Kingdom. Rather than fading away after the “no” vote, Scotcoin has continued to rise in the cryptocurrency charts since. CoinTelegraph spoke to Temple Melville, majority....
Although Scotland has yet to vote whether or not to secede from the United Kingdom, pundits have already begun debating how an independent Scotland should structure its society - specifically its monetary policy. Theorists have noted that, if the Scots vote "yes" on the independence referendum, Scotland could prove a perfect testing ground for large-scale bitcoin implementation. Naysayers argue that free banking systems are unsustainable, pointing to the so-called "free banking" era in 18th and 19th century Scotland. Consequently, if Scotland's independence vote passes and bitcoin becomes....
The recent Scottish independence referendum prompted questions about whether or not an independent Scotland would consider adopting bitcoin or another cryptocurrency (such as the Scottish-themed Scotcoin) in lieu of the British pound. Alas, the Scots voted to remain in the United Kingdom, so the discussions proved moot. However, a new poll indicates the Scots may seek independence again in the future. That could bode well for bitcoin's future prospects in Scotland. Also read: Scotland's Independence Vote, Bitcoin, and the Myth of Free Scottish Banking. Cryptocurrency Could Play a Central....