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.
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
Scammers ask Brits for nearly $2.5 million in Bitcoin, claiming to spend the money to maintain the local economy after Brexit.
Fake Royal Letter Asks $2.5M in BTC to Save UK’s Economy After Brexit
Will Brexit attract more fintech business to the U.K. or force those that already settled in London to leave England? Experts in the fintech industry answer.
How Brexit Will Affect the UK Fintech Industry? Experts Answer
A no-deal Brexit could fundamentally shift Bitcoin’s position in the global economy, according to a blockchain firm CEO.
No-Deal Brexit Will Reposition Bitcoin in the Global Economy: Analyst
A political and financial shake-up can act as a catalyst for lawmakers to embrace bitcoin, says Nigel Green.
Crypto Friendly Regulation Can Help UK Brexit, Says $10 Billion Advisory Giant
Barry Silbert claims the recent rise in BTC prices could be linked to the breakdown in trade talks between the US and China.
Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims