When even banks are not able to guarantee consumer funds safety in the event of a major economic shock, things are taking a drastic turn for the worse. Earlier today, an announcement was made in regards to a new rule that will go into effect come January 1, 2016. If a UK bank goes bust, consumer accounts will only be “protected” up to GBP 75,000, which is a near 12% decline compared to the previous limit of GBP 85,000. Time for Plan B[itcoin].
http://bitcoinist.net/uk-bank-account-c ... n-bitcoin/
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jdebunt
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