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If the UK makes it hard to trade bitcoin, you can also guess that the value of bitcoin denominated in GBP will go down dramatically. You probably don't want to
by sbierwagen 5y ago
If the UK makes it hard to trade bitcoin, you can also guess that the value of bitcoin denominated in GBP will go down dramatically. You probably don't want to be holding tether in that case.
- jimmydorry 5y agoIn my experience, it's typically been the opposite. Countries with harsher capital controls / make it harder to use Bitcoin, attract a premium in the purchase / sale of Bitcoin. South Africa for example has very strict capital controls, hence the price to buy or sell Bitcoin is higher than elsewhere. The catch is that you can't easily move fiat out of the South African economy, which makes abritrage, to take advantage of this imbalance, impossible.
- sbierwagen 5y agoThe UK does not have South African capital controls. Unless it's for proceeds of criminal activities, in which case you don't really want to enter every transaction in a global immutable ledger!
- celticninja 5y agoIt hasn't done that and it is unlikely that they will. There are UK based exchanges, the issue here is with binance specifically and not cryptocurrencies in general.