George Osborne, a UK’s Chancellor of a Exchequer, has to solve a problem of removing a bank comment in a United Kingdom for Bitcoin-related companies. UK banks are now refusing BTC businesses to open customary banking accounts. Thus, even if Bitcoin startups have FCA support and are licensed, they are still incompetent to work but a normal bank account. BTC marketplace experts design George Osborne to act after a announcement to support digital currencies-friendly regulations was done during a Bank of England’s Open Forum on Nov 11.
George Basiladze, a CEO of Bitcoin wallet and sell use Cryptopay.me formed in London given 2013, faced a garland of problems associated to Bitcoin law in a UK during that time. Here’s what he pronounced to CoinTelegraph about a Osbourne’s initiative:
“It’s really good that Osbourne has mentioned bitcoins in his debate and we conclude that. However, we do not consider that this would outcome in any element change in stream policy.”