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> our institutions' reluctance to accept what could be a revolutionary currency

So, that's a pretty inherent quality of revolutionary things.

UK banks are under a lot of regulatory pressure to not facilitate money laundering. An important part of that is to be able to follow the paper trails of who has when money when. It's not just Bitcoin businesses that can't easily open accounts, there's trickiness across the board.




It is simply my opinion that the UK considers itself too much of a financial stalwart in the schema of grandiose capitalism, where it feels as though it has to stand by its archaic principles, in the face of many other much more conventionally strict economies' (such as German) ability to accept a new concept that, for once, is gaining credible traction and interest.

Were it not for the immense usage, support, and extensive literature that I would not take such an issue with the UK's reluctance to Bitcoin as I do.


s/UK/City of London and their ilk/g




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