We’ve submitted our response to the FCA’s crypto consultation (CP25/40).
Crypto is not one thing. A meme coin is not an NFT, or a stablecoin or Bitcoin. Treating them all the same leads to bad regulation, higher consumer harm, and lost UK competitiveness.
Regulate intermediaries with custody and control, not open-source infrastructure.
Bitcoin is issuer-less, globally liquid, and fundamentally different. UK regulation must reflect that reality.
Learn more here:
https://bitcoinpolicy.uk/blog-1/f/why-the-fca%E2%80%99s-crypto-framework-risks-failing-consumers-and-the-uk
@Susie Violet
@fnew
Crypto is not one thing. A meme coin is not an NFT, or a stablecoin or Bitcoin. Treating them all the same leads to bad regulation, higher consumer harm, and lost UK competitiveness.
Regulate intermediaries with custody and control, not open-source infrastructure.
Bitcoin is issuer-less, globally liquid, and fundamentally different. UK regulation must reflect that reality.
Learn more here:
https://bitcoinpolicy.uk/blog-1/f/why-the-fca%E2%80%99s-crypto-framework-risks-failing-consumers-and-the-uk
@Susie Violet
@fnew
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