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Read the Government's fuller explanation here. A separate issue is that HM Revenue Customs plans to levy emergency tax on people pulling down tax from their pension savings, meaning they might have to overpay thousands of pounds then either apply for a refund or wait.
Instead of a supplement to the dollar economy, it's been trumpeted as a competitor, and promoters have conjured visions of markets where bitcoins are a dominant medium of exchange. The hyperbole is out of proportion with the more mundane reality. Tens of thousands of bitcoins.
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