The British Exit, or Brexit, is a term established to refer to the United Kingdom’s decision to leave the European Union after a referendum was held on June 23, 2016. Brexit’s results greatly influenced global markets and the British pound, and prompted changes in the establishment and foreign policy of the UK. Brexit predictions were disproven when 51.9% of the UK’s population voting to leave, with a turnout of 72.2%. Brexit will have both long-term and short-term consequences related to the economy, immigration and higher education of the UK. The positive side of leaving the EU is that the UK has ridden itself of Brussel’s bureaucracy and has gathered more autonomy and opportunities to establish more efficient policies. From this perspective, Brexit is good for Bitcoin, making the UK’s cryptocurrency policies more flexible. On the contrary, the UK won’t be able to participate in EU decision-making as they did at their previous level, which is dangerous given that the EU is the largest destination for exports from the UK.
A mountain of fresh U.S. debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO.
New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week
Bitstamp confirms migration of European clients.
Bitstamp crypto exchange migrates European clients from UK
Many fintech companies chose London because of its strong financial regulation, but how will Brexit affect the industry in Europe and the U.K.?
Fintech in the United Kingdom After Brexit
The United Kingdom has included a mention of the blockchain industry in its pre-negotiation agenda for a Free Trade Agreement with the United States.
UK Gov’t Includes Blockchain in Negotiation for US Free Trade Agreement
By proposing the united regulatory framework for blockchain and crypto spaces, Europe would have a chance to surpass its main competitors: China and the U.S.
Unity in Europe — DGen's Conclusion to Fueling Blockchain Innovation
The United Kingdom’s financial regulator, the Financial Conduct Authority, is looking to hire a specialist with a cryptocurrency background.
UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations
On the eve of the U.K.’s exit from the EU, French crypto hardware wallet firm Ledger has attempted to co-opt the notorious pro-Brexit “Take Back Control” mantra...
Ledger Wallet Co-Opts Controversial Pro-Brexit Slogan for Cryptocurrencies