UK-based Netagio pleased with UK remarks, broader community gives mixed reaction
Following what many will classify as surprisingly encouraging comments by UK Finance Minister George Osborne on Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that , businesses and enthusiasts have taken notice.
Netagio is engaged in high security vault storage for Bitcoin, leveraging its experience with gold storage. They recently launched gold-bitcoin-fiat trading. CEO Simon Hamblin said on the future of Bitcoin in the UK:
"Mr. Osborne's comments are very encouraging and we have long awaited some direction from the Government and Regulators. This is an exciting time to drive greater innovation in the financial services industry, for Bitcoin businesses, retail and institutional investors and merchants. The UK's offshore jurisdictions are already strong supporters of alternative currencies and by bringing together a common approach, this could position the UK as one of the leading centres for digital currency innovation."
Commentary on forums such as reddit has been more mixed, as would be expected. Commenters debated how much of a bite the government is willing to make into the City of London's banking industry. Some foresee the UK becoming a Bitcoin powerhouse, while others fear "another Lawsky is on the horizon", in reference to Superintendent for the New York Department of Financial Services, whose recent proposal for Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( was not well received.
Following what many will classify as surprisingly encouraging comments by UK Finance Minister George Osborne on Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that , businesses and enthusiasts have taken notice.
Netagio is engaged in high security vault storage for Bitcoin, leveraging its experience with gold storage. They recently launched gold-bitcoin-fiat trading. CEO Simon Hamblin said on the future of Bitcoin in the UK:
"Mr. Osborne's comments are very encouraging and we have long awaited some direction from the Government and Regulators. This is an exciting time to drive greater innovation in the financial services industry, for Bitcoin businesses, retail and institutional investors and merchants. The UK's offshore jurisdictions are already strong supporters of alternative currencies and by bringing together a common approach, this could position the UK as one of the leading centres for digital currency innovation."
Commentary on forums such as reddit has been more mixed, as would be expected. Commenters debated how much of a bite the government is willing to make into the City of London's banking industry. Some foresee the UK becoming a Bitcoin powerhouse, while others fear "another Lawsky is on the horizon", in reference to Superintendent for the New York Department of Financial Services, whose recent proposal for Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( was not well received.