he's the guy in control of the countries budgets. he is the one that says that social security gets X amount this year, military gets Y amounts this year and healthcare gets Z.... oh and the guy that ensures he receives A, B and C amounts.

in short he is the accountant/book keeper of the government funding (tax)

So keeping that in mind sooner or later he's gonna be the man that will try to regulate bitcoins and face criticism from the community...!

This is an encouraging statement from the UK government. Bitcoin may be regulated in the uk soon, but is not illegal. I am surprised to see the C of E showing high profile support for bitcoin.

Fuck it, I'm moving out of the country for good now, I know you guys outside of the UK won't know much about George Osborne but this guy knows even less about the economy than Paul Krugman, the fact that he's wanting to put VAT on Bitcoins means he's going to tax UK Bitcoin users hard, in fact, I think the UK a probably going to see Bitcoin as a way of getting more tax income in general.

Banks are extremely well established here and have a strangehold on everything financial, so they're going to do everything they can to control Bitcoin and make it unappealing for people to use.

in the UK the HMRC is still in the official stance that although an asset officially. it should unofficially be treated as an asset currency. much like how someone exchanging pounds for euro's wouldnt have 20% less euro value.

we will soon see

I think a congressman did the same thing when a Bitcoin ATM was installed in capital hill. It made the news and everything. I do wonder just how much use it get though.

I defiantly think this is very good for bitcoin as it will likely cause it to be seen less of a threat to governments.

Im glad I'm not the only one who clicked the thread thinking it would be Ozzy. Haha.

Didn't noticed it at all ,although I tried search feature but it comes up with totally irrelevant results.