Seems like BTC has a chance to be okay. Stablecoins too. I think a potential framework to focus on is that we are facilitating barter of legal property between lawful citizens. Nothing more. View quoted note →

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Freddie New (@freddienew) on X

To anyone in the UK worried or concerned about this: - Peer to peer trading of Bitcoin between individuals is not and has never been illegal in th...

To anyone in the UK worried or concerned about this: - Peer to peer trading of Bitcoin between individuals is not and has never been illegal in the UK. It's not even regulated by the FCA. - Bitcoin now has statutory legal recognition as property in the UK pursuant to English law. Any holder of Bitcoin remains free to deal with it, hold it, or send it peer to peer for fiat cash if they so wish. - This FCA action (taken under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017) was likely against organisations or institutions operating without appropriate FCA licences to perform cryptoasset activities (but more info needed). We need to monitor the progress of this investigation carefully to understand how and why they are attacking the rights of individuals to deal with their property, and understand how to guard against this attack, and ensure that such attacks are defeated in future. 23.04.26