Brexit faces yet another extension until January 31, 2020, and the UK is heading to the polls for a general election, sparking more uncertainty for finances. 

A no deal Brexit may be beneficial to bitcoin, according to William Thomas, CEO of peer-to-peer exchange Cryptomate.

Mr Thomas told news.bitcoin.com in the event of a no deal Brexit: “there will be substantial uncertainty within British and EU financial institutions.” 

However, Mr Thomas admitted he was “not so certain” whether a no deal will create demand for bitcoin and cryptocurrency in general.

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