It’s one thing saying this but another when the actions of disparate regulatory, taxation and monetary policy bodies are the exact opposite:
- The FCA banned crypto derivatives (meaning personally I could no longer buy Bitcoin Exchange Traded Products on Trading212 from 6 Jan 2021 and killed access for U.K. investors to the innovations happening in Europe with Digital Asset ETPs)
- HMRC updated the Crypto Asset Manual wrt DeFi and Staking/Lending/Liquidity Mining Feb 2022 to little fanfare but it’s not DeFi friendly to say the least.
- The Bank of England still led by Dinosaurs pedalling 2017 tropes of criminality
