Bitcoin’s UK Future Looks Bleak

“It’s depressing that firstly key government departments have not apparently to the best of my knowledge even discussed this potentially revolutionary technology. It’s even more depressing that in a democratic society, discussion of policy regarding this technology is conducted in secrecy. HMRC’s VAT legislation is already outdated in many areas especially regarding online trade. My confidence that they will appear from behind these doors with legislation based on a firm understanding of Bitcoin is low. These responses also indicate glaring misunderstandings of what Bitcoin is, hilariously the Bank of England wrote back to tell me ‘There have been no meetings held at the BoE attended by Bitcoin‘.”

https://www.scirra.com/blog/tom/4/bitcoins-uk-future-looks-bleak

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