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London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. One of the main reasons for this appears to be the dominance of the big banks over the UK economy. Max Boonen, a former Goldman Sachs trader and current CEO of B2C2, a London cryptocurrency market maker, told FT. It’s nearly impossible to open an account for crypto in the UK. The problem is that in the UK there is a perception that banks have issues with anti-money laundering and decided to be a lot more conservative.
The City of London, taken as a whole, has the collective experience to make considered and forward-thinking decisions. AML regulations and from the strength of our legal system to our culture of effective corporate governance. How should London ensure that the crypto revolution does not pass it by? Share your thoughts in the comments section below. A comprehensive, realtime listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today. Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013.
He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong. Just like repos and forks on github there is plenty of room for all of this. All the latest Bitcoin news, presented by Roger Ver and Corbin Fraser of Bitcoin. Subscribe to our Youtube channel here.