Submitted on Wednesday 16th June 2021
Rejected on Thursday 24th June 2021
Current status: Rejected
Rejection code: no-action (see below for details)
Legislate to make Bitcoin legal tender in the UK
Bitcoin and other cryptocurrencies are going to be the currencies of the future. We need to move towards the standard before we are left behind.
1. Transactions are fully transparent and traceable;
2. Bitcoin is a better inflation hedge than gold. it is reliable, certain and honest;
3. Smart contracts can be built into transactions to make movement of money more effective and quicker;
4. Other nations have begun to adopt the standard;
5. It will facilitate the wealth transfer from rich to poor.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Legal tender is only applicable in very limited circumstances. You can find out more here:
www.bankofengland.co.uk/knowledgebank/what-is-legal-tender
3.15.27.232 Sat, 04 May 2024 02:06:09 +0100
