The only thing UK is good at is taxing - finding new tax avenues. Yet it's never enough - councils go bust, infrastructure crumbles, debt rises. It's an endless money pit! It's embarrassing!
All they are saying with this is; "WE are the real gangsters and we don't want competition"
This has nothing to do with investor protection but everything to do with control and taxation.
Warning!!! 'Never keep your coins on exchanges' store them in your cold wallets... Good luck!
It's time to leave the UK
IMO on the average UK.Gov are a malevolent force. They wish to keep the poor poorer. Tax burden rises, but services do not improve. Financial apartheid designed to "keep you in your place".
It’s all about control of your money. They are scared of losing control of your tax money and the banks could be cut right out of the picture. Which they should be
does EVERYONE realize TAXES were originally supposed to be temporary - a bit like "stay 6 feet apart" was to be temporary - yet lingers in far too many places
For UK, Revolut have established Revolut X (crypto exchange). This is FCA registered.
FCA also banned derivatives for retailers. But in a bear market, not being able to short crypto assets, increases your risk instead of reducing it.
God forbid the working man getting up above the parapet
Its ok to borrow to gamble 🎰 on casinos and betting shop
Dont borrow to invest!!!!! Only invest your own money that you can afford to lose - Loans, Credit cards are not your money to lose.
make the money this bull run an get off shore or asia, we knew this was coming. get you taxes in place this time .theres a big wide world out there with better weather and life style. im leaving end of this tax year
The UK government (from the conservative party) already started restricting access to the exchanges over 1 year ago. Binance wasn't allowed to accept Fiat currency into crypto at that time. More recently they started making this public, which means they're ready to move onto the next stage to create choke points to control the working people.
So much for UK to become the crypto hub of the world, hahaha!
Buying XRP is how I protect myself from UK Government and banks.
If you borrow money you should be allowed to spend it on whatever you want.
It's absolutely all about control, they don't care one bit about protecting people. Who would trust a Labour government when it comes to money anyway
@MartynLucasInvestor