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Just buy the real fuckin thing ffs

I agree but there are investors in the UK who want BTC exposure in their SIPP pension wrapper and tax efficient ISA wrapper who may have bought SWC as an alternative due to the FCA's restrictions on buying BTC ETFs

They can just buy it not tell their shitty government about it. If the sole purpose of buying these things is to declare it and pay taxes on it, then fuck that. Dumb shit.

The problem with that logic: it only works until you need to spend the money. Buying property, investing, even opening certain accounts triggers source-of-wealth checks. If your BTC isn’t declared, you’re effectively locked out of the legitimate financial system.

> even opening certain accounts triggers source-of-wealth checks. True. I even had one bank check origin of funds for the transfer I was making from a corporate account held with the same bank where i was the UBO to a private account on my my name with the same bank; this shot gets ridiculous very fast, and this is the exact reason why opting out cannot be done partially. > Buying property You'd be surprised how many sellers are willing to accept bitcoin. I managed to pay 1/3 of the amount for a flat in bitcoin just few months back.