Why UK banks are joining forces in an attempt to defame bitcoin
During 2014 we saw several occasions of significant political figures from the UK having a bitcoin-friendly stance. UK Shadow Minister Chi Onwurah and Chancellor of the Exchequer, George Osborne both showed their appreciation towards the potential of bitcoin. Osborne in specific commissioned the Treasury to produce a programme of work on cryptocurrencies. It looked like UK politics were looking forward on helping the UK becoming a global centre for the Bitcoin economy. It now becomes obvious that UK banks probably perceived this as a threat. The British Bankers Association, which....
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