Cryptocurrency can help Britain to maintain a dominant position in providing any kind of service in the finance industry after quitting the EU, according to some experts.
The Canary Wharf business district of London is the starting point of the world’s largest amount of banks and the largest commercial insurance market. A lot of companies consider moving operations to continental Europe, as there is doubt whether the UK will eventually reach an agreement to keep strong bonds with the EU or not. British financial services Minister D. Glen said he is convinced that the financial center of London will be able to access to the EU markets despite Brexit.
Nevertheless, some experts believe that e–currency, despite the exposure to strong fluctuations in value, can be a great alternative for the state in the field of financial services.
“The UK is already in search of a way to keep its dominance in the financial services market after leaving the European Union. Even if some major players leave the state before March 2019, the Kingdom can use the digital currency to attract new companies,” said Daily Express M. Rimanov, Executive Director of Digital Securities Exchange.
- Analysts Morgan Stanley called bitcoin “a gold asset”
- The world economic forum in Davos will discuss the world in the era of new technologies
- The IMF has allowed the launch of public cryptocurrencies
- The number of cryptocurrency terminals in the world has grown to almost 4 thousand
- The world’s largest mining farm launched in the capital of Armenia