As someone from the UK, hold my hand

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/xsbaya/as_someone_from_the_uk_hold_my_hand/ You could not have asked for a more dumb move by our government. Let's announce tax cuts that are not budgeted and funded by borrowing. Whilst the cost of borrowing is going through the roof… Sound economics by the Tory's right here. Forces the Bank of England to buy back our bonds and the […]

The World Is About To Have A Global Currency Crisis Since No One Wants To Face The Music

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/xrcnz8/the_world_is_about_to_have_a_global_currency/ As everyone has seen in the news recently with the UK and the British pound plummeting causing a near “Lehman Brothers Moment” where the BoE had to step in and inject billions into the bond market through QE to stabilize it and prevent a meltdown. The statement saying something along the lines of “We […]

Bitcoin beats the British Pound in trading volume as GBP falls apart

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/xr205i/bitcoin_beats_the_british_pound_in_trading_volume/ Bitcoin trading volumes against the British pound surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of the Pound in exchange for Bitcoin or to profit from arbitrage. The British pound reached a record low against the U.S. dollar, according to data […]

BTC is now my hedge against the weak £ and inflation…

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/xpcg34/btc_is_now_my_hedge_against_the_weak_and_inflation/ After being “sensible” and DCA’ing into an FTSE weighted all world ETF for the last few years along side my small crypto portfolio I’ve finally had enough of seeing any gains being wiped away by the ever snowballing drop in the £ plus the mental rate of inflation here. I’ve had this nagging feeling […]

Positive News for UK Taxation of Cryptocurrencies (“Complete Overhaul Required”)

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/xl284m/positive_news_for_uk_taxation_of_cryptocurrencies/ Hello, best accountant in the UK posting here. Below is an expert from a recent and very positive update between our Chartered accounting bodies and HMRC, it sounds like the UK is taking a positive stance on Crypto, trying to make the taxation more friendly, incentivising businesses to adopt Crypto and proposing a similar […]