So, lately I've been attempting to convince work to accept Bitcoin as a payment method for our products. We're UK based and our accountant (who is also pro-bitcoin) has had a chat with Barclays (who hold our business account(s)) about it, and they have given an unequivocal 'no' to using Bitpay and settling in GBP. Their reasoning was that Bitcoin fails the KYC - Know Your Customer - regulations that are an aspect of the 'Money Laundering Regulations 2007' which can be found here; http://www.legislation.gov.uk/uksi/2007/2157/contents/made We talked about USD, but again a no from Barclays, and then looked in to having a US-based bank account, but that also has problems as it would make us liable for sales tax in the US for US-originating sales (which is a PITA we'd rather not have to deal with). Does anyone have any experience of this, or if it's just utter bollocks from their end? I think it's safe to assume that we'd rather not have yet another account at yet another bank (especially as 'repatriating' those funds in to the office accounts would be difficult) so any way to work with Barclays to get around this snag would be great...but they aren't seemingly willing to play ball. Any help is greatly appreciated :)
04-15 17:53 - 'Barclays: Bitcoin sí, Bitcoin no. Parece que, ahora, sí: Barclays planea lanzar una nueva mesa de negociación de criptomonedas' (elhumanista.decascales.com) by /u/MercadoUnico removed from /r/Bitcoin within 8-18min
I thought I'd have a go at embracing Bitcoin and try to use it on a day-to-day basis (as opposed to investing/trading). Having heard that some people in the UK have had their bank accounts frozen for purchasing bitcoin I thought it probably best not to risk it with the account that receives my salary, pays the mortgage, bills, food etc. Instead I planned to set up a new bank account with Barclays which I could fund with cash deposits and then link that to something like BitStamp in order to buy bitcoin. In the worst case I'll just have that account frozen and not my main banking account. Barclays were very receptive about setting up an account until I mentioned using it to occasionally buying some bitcoin which was like a red flag and immediately ended my chance to set up an account. The advisor talked about "grey-areas", "gambling" and "illegal activities". Perhaps I shouldn't have mentioned it but I thought it better to avoid wasting everyone's time right from the start. I'd rather bank with a company that I don't have to sneak around for fear of them freezing my account. I appreciate it's not in a bank's interest to give Bitcoin the time of day and it's unfortunate that the lack of regulation or formal line from HMRC or the FCA just give them the perfect reason to avoid anything Bitcoin. Does anyone know of a Bitcoin-friendly or even just Bitcoin-neutral UK bank?
Barclays has spoken to regulators about bringing bitcoin 'into play'
This is the best tl;dr I could make, original reduced by 38%. (I'm a bot)
Barclays has been in discussions with regulators and financial technology - or fintech - firms about bringing cryptocurrencies like bitcoin "Into play", the bank's U.K. chief executive told CNBC on Monday. Ashok Vaswani revealed that the banking giant has met with Britain's Financial Conduct Authority watchdog to talk about how to make bitcoin safe in response to a question about whether Barclays could support bitcoin. "We have been talking to a couple of fintechs and have actually gone with the fintechs to the FCA to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play," Vaswani told CNBC at the Money 20/20 fintech conference in Copenhagen, Denmark. Vaswani did not expand on to what extent Barclays could be involved with bitcoin. The start-up, which received a license from the FCA last year, allows users to send money to each other in messages, and supports bitcoin. Banks have typically been very cautious of being associated with any companies involved with bitcoin due to the cryptocurrencies bad reputation as being used to buy illegal items on the so-called "Dark web".
Barclay Stone cfd Forex Broker, recenzje: covid-19 i dlaczego bitcoin nie spadnie się już o 50%
W jaki sposób wpłynie na rynki finansowe to, że COVID-19 powrócił się w Europie i Stany Zjednoczone...? 25 czerwca okazało się, że w ciągu ostatnich dwóch tygodni, 30 krajów w Europie odnotowało się wzrost liczby nowych przypadków zakażenia koronawirusem. Grozi to się wzrostowi liczby przypadków, które mogą doprowadzić europejski system opieki zdrowotnej do kryzysu. W marcu rozprzestrzenienie się epidemii doprowadziło do spadku wartości zapasów, ropy i kryptowalut. Ale tym razem, aktywa mogą zareagować się na nowy wzrost współczynnika zapadalności na świecie, w zupełnie inny sposób. Prawdopodobnie, można oczekiwać się spadku indeksów, ale inwestorzy mają już doświadczenie po wydarzeniach na rynku w marcu. Dlatego, raczej nie zaczną sprzedawać się wszystkiego, ze strachu przed spadającymi wskaźnikami, po prostu poczekają na tę falę, mając nadzieję na najlepsze. Jednak eksperci nie wierzą, że kryptowaluta może okazać się ochronnym aktywem i wzrostem ceny w warunkach niestabilności gospodarczej. Według ekspertów bitcoiny prawdopodobnie spadną, ale nie tak bardzo, jak miało to miejsce w marcu tego roku. śledź się za wskaźnikami lub weź udział w tej grze na platformie Barclay Stone cfd Forex Broker. https://preview.redd.it/bdn713i737851.jpg?width=640&format=pjpg&auto=webp&s=82851f1187c0ef757570b3e2443654c0c5eaaacd #barclaystonecfd #forexbroker #forex #crypto #bitcoin #prognozy #rynekfinansowy
Sold a few grand worth of Bitcoin on Local Bitcoins - someone reversed a transaction and now Barclay's have ruined me. Can't get mortgage, overdraft, mobile phone etc for 5 years.
Throwaway account as I'm still dealing with this. Background: I saw an opportunity for arbitrage between Coinbase (buy) and LBC (sell) in late 2018. From memory I think I bought about 2-3k worth (GBP) and sold in small batches (to ID and phone verified LBC customers). I first knew something was wrong as I couldn't log in to my Barclays mobile app, it provided a code and I called customer service who wanted to discuss a transaction. I was 100% honest and sent correspondence and statements. About a week later I receive a notice telling me to take everything out of my account (had the account since childhood) and find a new bank. This was stressful enough and I lodged a complaint with Barclays, that was not upheld, then asked the Financial Ombudsman Service to step in and help me. Turns out that one of the transactions for less than £200 was reversed by the buyer, so Barclays took this money from my account, and returned it to the account holder. Fast forward nearly a year and I've forgotten about this ordeal. I'm a bit in my overdraft but as my credit is pristine I apply for a small unsecured loan (it makes sense as will be paying less interest) 95% probability I'd get the loan according to the comparison website. I'm turned down. They refer me to CIFAS, the UK fraud prevention agency. This happens once more as the first time I just assumed I was just unlucky. I put in a 'subject access request' to CIFAS and request all info they have on me. About a week later I receive a letter. Category 6 Fraud Warning - First party fraud - false instruments paid in. This blew my mind. I had no idea that Barclays viewed the selling of BTC so seriously. The irony is that Barclays are the bank you must deposit money in to buy BTC in the UK, but when I sell my BTC they close my account and ruin me financially. This is now being looked into by the FOS and as of last week I've placed a complaint under the EUs GDPR (under accuracy mainly as I cannot challenge Barclays' decision). TLDR - sold small amount of Btc on local bitcoins, Barclays bank closed my account, accused me of fraud and now I can't get a mortgage, loan, mobile phone, overdraft or any other item of credit for another 5 years.
Update: Barclays placed a fraud marker on my account for selling Bitcoin. I have now had it removed and can get on with my life. Thank you r/bitcoin !
Previous thread: https://www.reddit.com/Bitcoin/comments/d51b75/sold_a_few_grand_worth_of_bitcoin_on_local/?utm_source=share&utm_medium=web2x As you'll see from the linked thread, I had been messed about by Barclays. From the last time I posted, I said that I would fight them through the Financial Ombudsman Service and through CIFAS themselves. I'm pleased to say this week I have received confirmation from CIFAS that Barclays Bank was wrong to place the fraud marker on my account and I can now get a mobile phone, mortgage, overdraft, loan etc when previously I had been blacklisted. Just wanted to say thank you to all the private messages of support from fellow Bitcoiners! I saw that the thread was posted on btc and I have to say those guys absolutely slated me! Will stay the hell away from there in the future! Thanks again and if anyone finds themselves in a similar situation, let me know I'd be honoured to help you.
Bitcoin futures can now be traded on the Chicago Board Options Exchange (CBOE), enabling investors to bet on whether Bitcoin prices will fall or rise. 1 However, there are fresh warnings that Bitcoin’s meteoric rise is a bubble, and there are huge risks involved for investors. 2 Barclays is taking sterling deposits for a new bitcoin exchange, making it the only UK bank to do so currently. Banks in the UK have avoided working with bitcoin exchanges so far, but customers of ... Nine of the worlds biggest banks, including Barclays and Goldman Sachs, are going to trial the use of Bitcoin technology in an effort to allow them to better track the use of digital currency. Using the Blockchain system that logs how and where virtual coins are spent, the banks want to utilise... Bitcoin 2.0 refers to a new concept, a shift in paradigm much like the term “Web 2.0” refers to a paradigm shift for the World Wide Web rather than a simple technical innovation. The shift that Bitcoin 2.0 refers to in particular is the use of the infrastructure behind Bitcoin in entirely new contexts and applications. One of the largest banks in the UK, Barclays Plc has just taken the cue from Goldman Sachs, now offering a Bitcoin trading desk. The trading desks are designed to help clients make the most beneficial exchanges, while only dealing with cryptocurrencies that comply with all necessary regulations.
CRYPTO BANK To Be Launched by Barclays Exec - BITCOIN Influencer Coins - Argo Blockchain BTC Mining
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