Bitcoin, new restrictions from the UK: what will be the impact on prices?

Bitcoin, new restrictions from the UK: what will be the impact on prices ?: an opinion on the news coming from London.

From UK they arrive new restrictions on the Bitcoin system that - despite the openings from several parts that have arrived in the cryptocurrency - evidently it is still able to provoke far more than some skepticism between operators and institutions.

Of facts, the British treasure announced the landing of stricter rules on Bitcoin, in order to make its use more transparent: restrictions whose official objective is to combat the use of virtual currency by criminal organizations and tax evaders, and which could come into force within the first few of next year. But what changes?

The changes are not irrelevant: according to what was anticipated by the Daily Telegraph, in fact, traders who are active on the virtual currency market will have to make public the their identity, and will have the burden of reporting any suspicious activity.

In other words - as explicitly stated by Stephen Barclay, Undersecretary of the Treasury in the Theresa May government, and responsible for the reform in question - the digital platforms on which today it is possible to buy and sell cryptocurrencies should be compared to the offices of moneychanger, with consequent extension towards the users and managers of the obligations of transparency and the prohibition of anonymity.

It now remains to be seen whether the above may or may not have a significant impact on the prices. In our opinion, at least for the moment, the influence will be almost nil, even if the position of the British government could soon be confirmed by other executives, evidently not too happy to leave too much carte blanche to a sector of difficult evaluation.