Bitcoin doesn't have a CEO, a board or anyone who can dictate its rules.
The FCA's proposed guidance leaves room for people who develop and maintain its infrastructure to be treated as financial intermediaries.
If building permissionless technology becomes a regulatory liability, what happens to Bitcoin's future in Britain?
This is why @BitcoinPolicyUK is calling for clarity.
Read the full submission on our website.
https://t.co/Qy7kfe3JeW
Could writing Bitcoin code or running a node require FCA authorisation?
Parts of the FCA's proposed guidance could be interpreted this way.
BPUK has responded, calling for clearer rules on:
- Developers and node operators - Miners and non-custodial wallets - Payments and Lightning - Why stablecoins get different treatment
Regulate financial services, not participation in Bitcoin's network.
Read the full article and our submission:
https://t.co/7e5xDEY8Li
@DecentraSuze@drcristinallama
🇬🇧🌬️ Two records broken yesterday. 👀
New daily high for wasted wind: £47.4m (£6.7m to switch off turbines + £40.7m for gas).
October monthly total now over £403m, already a record, with 4 days still left.
#Curtailment#Waste#BitcoinMining
🇬🇧🌬️ As of today, October has already passed September’s record for wasted wind. Same problem: turbines switched off, gas plants switched on, because the grid can’t move the power. The bill keeps rising. 💸
BitDevs Accra is back this month 🟠
Saturday , 31st October, come through. Let’s learn, connect and build on Bitcoin.
📍 ISSER Conference Hall, University of Ghana, Legon
🕚 11 AM – 4 PM
Register here:
https://t.co/gdqLT9HfBb
Did Britain really scrap digital ID?
The infrastructure is expanding and most people have no idea how far it's already gone.
Read my article in Forbes featuring @Togetherdec@OpenRightsGroup@BigBrotherWatch
https://t.co/c9rBrUwjPh
Fiat Fun! Be a Central Banker! A boardgame for up to 6 players - the rules, the components and the board all downloadable as pdf's so you can print them off. Ideal for high school kids and inquisitive adults. Go to https://t.co/dzuf29wMCK and scroll to the bottom. @freddienew
Could HMRC's proposed new powers put Bitcoin holders at greater risk of physical attack?
HMRC wants to expand its powers to demand information from crypto businesses, but UK tax software firm @recap_io warns that the draft definition could also capture businesses that never hold customer funds, including:
- Tax software providers - Wallet manufacturers - Block explorers
Once a name and home address are linked to a Bitcoin address, that connection can remain long after a tax inquiry has ended. If the information falls into the wrong hands, it could expose individuals to theft, extortion or physical attacks.
Read the full article on our blog.
https://t.co/93IEO49XnT
@DecentraSuze
I'm delighted to join the board of the @GWPF_org
Educating people about energy and the consequences of bad energy policy is a topic close to my heart. Policy needs to be evidence driven and data-led
Since it was established by the late Nigel Lawson, GWPF has sought to do just that - point out where policy is driven by fear rather than facts and the terrible consequences that has for the lives and livelihoods of those affected
Many countries have responded to the climate challenge with policies that simply move emissions offshore. That offshoring is generally to places with dirtier energy, weaker environmental and safety standards, and poor human rights records
That is not a victory for the climate or for humanity
We need rational, evidence-based policies that drive towards true sustainability and not greenwashing fantasies, and this is why I am delighted to join the GWPF board
@cmackinlay@HarryWilkinsonn@AllisonPearson@aDissentient@DavidGHFrost