Bitcoin holders barred from depositing profits in UK banks



ORIGINAL POST
Posted by Ed 4 mths ago

“Bitcoin holders barred from depositing profits in UK banks – anyone who wants to take profits might struggle to cash in their gains.”

 
 
https://www.imtj.com/sites/default/files/asset/warning.jpg 



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COMMENTS
Ed 4 mths ago
China leads in race for digital currency
 
China's central bank has made steady advances in its goal of launching the world's first major sovereign digital currency. As the EU begins prepping a digital euro, DW considers the impact of the digital yuan.
 

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Ed 4 mths ago
Should You Buy Bitcoin?  
 
Bitcoin values again capture the headlines, some central banks are developing their own digital currencies and PayPal and Facebook are entering the market. Digital currencies are evolving rapidly but what do you need to know before you consider buying, storing or selling cryptocurrencies?
 
On Wednesday’s Money Box Live, Louise Cooper and guests discuss the development and the risks of digital currencies.
 
On the panel: Marcus Hughes, Coinbase UK and Europe General Manager Olinga Taeed, Visiting Professor in Blockchain, Birmingham City Business School 
 

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Ed 4 mths ago
UBS Wealth Warns Clients Crypto Prices Can Actually Go to Zero
 
 

Strategists at one of the world’s largest wealth managers are issuing a warning to newbie crypto investors plunging into the record rally: You could still lose all your money.

Between regulatory threats and central bank-issued competitors, there’s nothing stopping a wipeout in big-name digital currencies eventually, according to UBS Global Wealth Management.

As Wall Street jumps on the Bitcoin rally like never before, the Swiss firm says prices may rise in the near term, but the industry faces existential risks over the long haul.

 “There is little in our view to stop a cryptocurrency’s price from going to zero when a better designed version is launched or if regulatory changes stifle sentiment,” authors including Michael Bolliger, the chief investment officer for global emerging markets, said in a report Thursday.
 
“Netscape and Myspace are examples of network applications that enjoyed widespread popularity but eventually disappeared,” the strategists wrote in response to rising client interest.
 
 https://www.bloomberg.com/news/articles/2021-01-15/ubs-wealth-warns-clients-crypto-prices-can-actually-go-to-zero 

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