Finance News
By Maheen Hernandez
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In the event of a no-deal Brexit, the UK cryptocurrency industry will likely be affected. There is very little guidance from the Financial Conduct Authority (FCA) regarding…
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In the long-term, a no-deal Brexit is expected to be positive for the UK cryptocurrency industry.
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There will be minimal impact on the EU customers who have been using the British-based exchange or wallet services and vice versa.
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Most exchange deposits within Europe take place through the SEPA bank payments for British and EU customers.
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The no-deal Brexit will see the Pound weaken further versus the Euro. The people might most likely begin looking for a haven beyond the fiat.
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In response to the Brexit, Bitcoin, Gold, and the Pound reacted in different ways. On the night of the vote, the Pound touched upon a high of $1.5.
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It was already well known that the Brexit will affect British life in most ways. There is not enough proof of whether the Bitcoin will serve as a hedge in the developed…
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Glen Goodman, stated, "This doesn't mean nobody will want to invest in the UK anymore, but it does mean that investors will be looking to hedge their sterling risk with…
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Markets do not like uncertainty. The fortunes of economies and national governments are related to the faith people have on the fiat currencies.
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Glen Goodman further stated, "The cancellation of Brexit altogether would probably cause the Pound to rise significantly.
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Almost all the cryptocurrencies were depressed in price trends over the weekend session.
The Currency Analytics
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