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    Author Topic: Sign this to allow cryptocurrencies in England  (Read 781 times)

    • TheColdQuasar (OP)
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    April 01, 2014, 04:28:10 PM
     #1
    Please sign this to allow CryptoCurrencies in England:
    http://epetitions.direct.gov.uk/petitions/63207
    Thanks

  • anonuser777
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    April 01, 2014, 04:38:57 PM
     #2
    They already are allowed.

    Local councils in the UK are even introducing their own altcoins http://www.telegraph.co.uk/technology/news/10734073/Hull-Council-printing-its-own-money-by-paying-digital-cash-for-voluntary-work.html

  • marcotheminer
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    April 01, 2014, 04:45:41 PM
     #3
    will sign soon
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  • dogechode
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    April 01, 2014, 05:07:12 PM
     #4
    Didn't the UK release a notice about how UK citizens do not owe taxes on digital currency that they mine? Wouldn't that obviously mean that they are already "allowed?"

  • ineedit
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    April 01, 2014, 05:25:33 PM
     #5
    The UK treats virtual currencies just as it would any other currency.

    The latest HMRC guidance states that anyone can buy, sell or mine virtual currencies in the UK.

    It also states that taxes are due on selling anything priced in virtual currencies just as they would be if you offered something for sale in the UK in euros or dollars. If you mine in the UK then taxes are required on the profits from mining or if you buy and hold virtual currencies and profit then you are taxed using the existing Capital Gains taxation.
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  • jbrnt
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    April 01, 2014, 05:40:05 PM
     #6
    Quote
    Allow as a currency Cryptocurrencies

    Responsible department: Her Majesty's Treasury

    Hello, The government must allow Cryptocurrencies to make the UK more modern. To do this it will give more business opening and more businesses will start here. This could make the economy more stable and more job open for people. Also will this people can pay Cryptocurrencies as a form money to the Transport for London.

    Quote from: TheColdQuasar on April 01, 2014, 04:28:10 PM
    http://epetitions.direct.gov.uk/petitions/63207

    Who is this "Milad Laly"? Is he or she actually in the UK? The grammar is all over the place.
    I would love to see high street shops and mail orders accepting Bitcoin, but I don't see buying a travel card with Bitcoin though  Roll Eyes

  • ineedit
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    April 02, 2014, 08:11:52 AM
     #7
    Quote from: jbrnt on April 01, 2014, 05:40:05 PM
    Quote
    Allow as a currency Cryptocurrencies

    Responsible department: Her Majesty's Treasury

    Hello, The government must allow Cryptocurrencies to make the UK more modern. To do this it will give more business opening and more businesses will start here. This could make the economy more stable and more job open for people. Also will this people can pay Cryptocurrencies as a form money to the Transport for London.

    Quote from: TheColdQuasar on April 01, 2014, 04:28:10 PM
    http://epetitions.direct.gov.uk/petitions/63207

    Who is this "Milad Laly"? Is he or she actually in the UK? The grammar is all over the place.
    I would love to see high street shops and mail orders accepting Bitcoin, but I don't see buying a travel card with Bitcoin though  Roll Eyes


    A couple of decades or so ago I would have said that Milad Laly was someone who used English as a second or third language.

    Now I would suggest that they were a fine product of the UK educational system.
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  • dreamspark
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    April 02, 2014, 08:34:28 AM
     #8
    Am I missing something? The guidelines have already been published and my accountant briefed Smiley

  • mktrader
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    April 02, 2014, 11:56:12 AM
     #9
    Here's information about that guidance:

    http://www.bbc.com/news/business-26426550
    Price Poll: bt.irlbtc.com/view/555609

  • franky1
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    April 02, 2014, 12:12:58 PM
     #10
    this is another FUD spreading exercise to attempt a price drop.

    stage 1. start a petition that is not even needed
    stage 2. get press involvement and trick them into believing its needed
    stage 3. government tell the OP its not needed and they wont process the petition
    stage 4. OP twists the words and says the government has declined to allow bitcoin acceptance petition
    stage 5. the FUD starts flying that bitcoin is banned, when the truth is the petition has been torn up due to waste of time
    I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
    Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

  • zolace
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    April 02, 2014, 12:17:25 PM
     #11
    Great to see that countries are allowing people to speak up for themselves, this is called prospering  Grin
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  • tertius993
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    April 02, 2014, 02:30:32 PM
     #12
    Even if I agreed it were necessary, which as others have pointed out it is not, I would never sign such am appallingly worded petition.

    Also why does the OP say "England"? Are the people of Scotland, Wales and Northern Ireland not to be allowed to use crypto?

    I suspect the poster above is right and this is someone not from the UK (hence the conflation of UK to England) trying something for their own ends.

  • Bitram
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    April 02, 2014, 02:33:31 PM
     #13
    Well I would prefer to keep government as far away from cryptocurrencies as possible.
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