BREAKING BITCOIN NEWS! : MPS TO CONSIDER CRYPTOCURRENCY REGULATION AS PART OF NEW INQUIRY
Hey Steemians!
So we a re all used to the red days we see with the coinmarketcap, Bitcoin up above 10k then down below pretty much over hours now. We would never have been saying this only few short months ago.
We now have some news that could well lift the latest fall in Bitcoin thanks to the Treasury Committee whom will be launching an inquiry into digital currencies here in the UK.
Image from CoinTelegraph. No Copyright intended
They are looking to access Bitcoin and crypto as a whole to see what benefits they can bring to not only businesses but individuals and the government itself. There will be risk assessments and I'm sure a lot of questions will arise along the way.
So is this going to be a bumpy ride over the next month due to this latest news or are we looking at signs of mass adoption ?
Our Treasury Committee says it will study the ways in which overseas governments and regulators have approached digital currencies, and learn from them this really could go any direction, as it stands I believe the UK has had the best ride for crypto but are we about to be slapped hard by the government and treasury ?
Thoughts please....
I think this is an opportunity for the Crypto community to educate the old duffers in Parliament. We should get involved and demonstrate the advantages of Crypto...
Canvass the Chancellor to look favourably on taxation while making it easier to enter and exit crypto..or better still make it easier to purchase property using crypto.
I say lookout for HM Coin complete on the horizon.
Thanks for the comment you make a good point.