Bitcoin owner in the Uk are facing major push back when it comes to using their bitcoin currency to buy property. Bitcoin’s reputation has taken a beating due to some reputable studies and cases regarding money laundering. It is believed that nearly half of bitcoin transactions are related to illegal sales like drugs and weapons. Banks and Lenders are not interested because bitcoin is not regulated in the Uk also. Until there is regulation defeating would be criminal bitcoin users getting loans with bitcoin is not likely to change soon.
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