NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

UK Bitcoin Users In Favor Of Regulation

NewsBTC
NewsBTC
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The proposed regulation measures are considered to be positive in the UK. The topic of Bitcoin regulation is a cause for optimism and trepidation among digital currency enthusiasts. In the United States, the BitLicense currently being developed in New York has divided the industry.  Unlike bitcoin users in the US, the majority of Bitcoin users in the UK are in favor of regulation.

Miningpool.co.uk recently conducted a digital currency study revealing that amongst other results related to usage in the UK, only 13% of Bitcoin users disagree with the government’s plans to regulate cryptocurrencies. Of those questioned, 82.8% felt that there were not enough places in the UK to spend Bitcoins. Outright negativity towards Bitcoin regulation in the UK was surprisingly low. Just over one in 10 of those surveyed felt that regulation could have a negative effect on Bitcoin while about 39% of the participants were not sure if regulation would be positive or negative; those respondents stated that they would keep an open mind for the time being.

When asked about regulation over digital currencies, most of the “Bitcoiners” in the United Kingdom agreed that regulation could be a positive trend. In general, they believe that by legitimizing the online currency and allowing more UK retailers to use cryptocurrencies as a payment method, will largely contribute to its mainstream adoption.

Though UK-based services for purchasing Bitcoins are increasing, many of those who are new to cryptocurrencies find that obtaining Bitcoins is still a difficult mission.

In this study Miningpool found that purchasing Bitcoins on exchanges was not the preferred method of acquisition in the UK; instead, 47% of the survey participants preferred to use peer-to-peer or brokerage platforms. Local Bitcoins scored best in the peer-to-peer/broker category, with nearly half of the respondents using the platform.

The respondents’ revealed that 35% of Bitcoin purchases took place via exchanges; with the popular Bitstamp being the preferred exchange service with over 30% of the study participants using this service. London-based Coinfloor ranked second, with 20% of the respondents using the company to purchase Bitcoins.

The most important aspect the study revealed is that a crushing majority of the UK Bitcoin users are in favor of regulation over digital currency in the country.

Source

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Comments 1

  1. George Lloyd says:
    10 years ago

    The reason we are so in favour of regulation is that we hope it will force the banks to allow us to use them. Try getting a UK bank account if you have anything to do with Bitcoin – no chance. Their only excuse is that the regulation isn’t clear (even though it is CRYSTAL clear right now.. there is NO regulation.. ask HMRC.. ask the Treasury.. both will tell you the same).. Take that excuse away from the banks and we hope that we can catch up with the rest of the world and actually have banking services. If not, FinTech is going nowhere in the UK whatever “Dave” says.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. George Lloyd says:
    10 years ago

    The reason we are so in favour of regulation is that we hope it will force the banks to allow us to use them. Try getting a UK bank account if you have anything to do with Bitcoin – no chance. Their only excuse is that the regulation isn’t clear (even though it is CRYSTAL clear right now.. there is NO regulation.. ask HMRC.. ask the Treasury.. both will tell you the same).. Take that excuse away from the banks and we hope that we can catch up with the rest of the world and actually have banking services. If not, FinTech is going nowhere in the UK whatever “Dave” says.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

你的真實比特幣區塊中獎幾率 虛擬迷因幣挖礦或是更聰明的押注

隨著越來越多的工業級玩家加入比特幣(BTC)挖礦賽道,如今的挖礦領域早已不是12至15年前散戶還能輕鬆參與的競技場。用普通筆記型電腦挖比特幣的時代早已成為歷史,就像在AI驅動的電動車時代調校化油器引擎...

newsbtc 1 hour ago
Bitcoin

Bitcoin Buy Signal: Why The 200-Week Moving Average Has Been A Flawless Entry Point

The 200-week moving average is one of the most critical macro indicators for Bitcoin, serving as the definitive divide between...

Godspower Owie 2 hours ago
Bitcoin news

Bitcoin Fate Sealed By October 31? Analyst Says The Clock Is Ticking

Bitcoin slipped below three-day Ichimoku cloud support on Wednesday, prompting market technician Dr Cat (@DoctorCatX) to flag the first decisive...

Jake Simmons 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Dips Deeper Into Red

Bitcoin Price Dips Deeper Into Red — Traders Eye Next Support Near $105,500

Aayush Jindal 13 minutes ago
Bitcoin Whales & Sharks

Bitcoin Back Under $111,000 As Key Holders Shed 17,500 BTC

Keshav Verma 34 minutes ago
ripple_xrp_xrpusd_optimized

XRP Faces Sharp Decline Amid Liquidations, But Pundits Say “This Week Changes Everything”

James Halver 1 hour ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:強気ダイバージェンスが示す新たな上昇のチャンス

    ドージコイン...

    11 hours ago
  • リップル 今後の見通し:6,300万ドルの売却が発生も、賢い投資家はすでに買い増し開始

    リップル...

    11 hours ago
  • 仮想通貨プレセールで2,380万ドル超を調達した新プロジェクト、次に爆発的成長を遂げる可能性も

    ...

    11 hours ago
  • 仮想通貨おすすめ:市場暴落からの回復に苦戦する中で今注目すべき銘柄

    ...

    12 hours ago
  • イーロン・マスクがドージコインの“エネルギー”を強調、新しい仮想通貨がさらに注目を集める

    ...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.