News

UK Treasury looking to regulate Bitcoin

04/12/2017

The news that the UK Treasury is to look at ways of regulating the Bitcoin market was shrugged off by BTC bulls.

The main concern of the UK is the anonymity afforded BTC buyers, which of course makes it an ideal medium for conducting shady business. Quite how the new regulatory environment is going to prevent this has yet to be outlined, but it may be worth noting that this has proved no impediment to the 400% rise in value of Bitcoin since China took similar steps. The market volatility seen after this news filtered out merely underlines the fragile nature of liquidity in the fledgeling market, but any dips are still seeing buyers as demand is demonstrably greater than supply. BTCUSD is currently resting near yet another new high at $11,400.

Share this news

Related posts

Economic 2019-07-31_FOMC.png

Countdown to FOMC on 31st of July

31/07/2019

Market expects 0.25% rate cut on 31st of July 2019

Read more
Calendar Calendar.jpg (1)

The week ahead 15.07.2019

15/07/2019

Upcoming releases next week

Read more
Stock Market US stock-exchange.jpg

Stock market rally

10/07/2019

Stock market rally after Powell transcript

Read more
Forex News yen.jpg

Dollar Yen breaks lower

24/05/2019

Dollar Yen breaks lower

Read more