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Customers from other European countries can purchase bitcoins with sepa transfer. Banks in the UK will not only need to pakistan keep up with the digital disruption, but also a weak global economy and regulation. Banks in the UK have largely avoided Bitcoin till now partly because security cybercriminals use the cryptocurrency to fund drug sales and other illicit activities on blockchain the Internet. It is one major reason which leads the public to believe Bitcoin is a type of criminal or illicit token used in the dark web is its anonymity. The banking sector clearly have problems with the UK government, which is pro-blockchain. Yet, the country is far from legalizing Bitcoin as a payment method. Bank of England Explores Blockchain for Real-Time Money Settlement Article 50 has been triggered and Britain has formally started the process to exit the EU, after 44 years. Britains exit will likely shrink the talent pool, put off foreign investors and damage the countrys fintech status. It is safe to say Brexit will have harsh implications on Britains economy. According to a, financial Times story, big banks plan to create a new standard to clear and settle financial trades using blockchain.
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