Use an account you don’t care about losing.
Most of what you read online is bollocks. “My account was closed because I did a trade” should be taken with a punch of salt. Monzo doesn’t tell people why their account is closed. It’s people guessing.
I’d listen to staff rather someone ranting on Reddit.
Monzo are a lot more crypto friendly than most, but that doesn’t mean they’ll let you do what you want.
Here’s a Primer on DeFi: DeFi: The Ultimate Beginner's Guide to Decentralized Finance - Decrypt
Here’s a critical review of Cake Defi that highlights some of the risks: https://captainaltcoin.com/cake-defi-review/
Thanks, I will have a read through 
Guardian manages to squeeze an ad for a Cryptocurrency in an article discussing a call for a ban on ads for Cryptocurrency.
Non issue really, it’s showing the reader the type of Ads which TfL have been running on the network.
Never thought I’d see Cake DeFi mentioned here… how’d you encounter them? I’ve been staking some for several months now.
Currently have ~870 staking, APY has roughly halved since I joined, app screenshots below.
One thing I do not like about Cake DeFi is you can easily deposit crypto and convert it to DFI on their platform, but cannot as easily convert DFI back to desired crypto to withdraw. Plus, DFI is not yet listed on a Binance nor Coinbase; atm not an issue as this money is set and forget yolo but in next year or so I’d like DFI to be at least listed on Binance.
If you do get round to it, referral code is 733975
how’d you encounter them?
I spend every single waking moment where I’m not working, exercising or eating studying crypto and stocks & shares 
I don’t use anything like cake defi, Gro, balancer or defi saver etc. I just buy coins. I do use dex’s and dapps just to check them out. I am planning maybe on trying out one of those later this month when I get paid 
The problem I have is that I program stuff on Eth / Solana and I need money to actually deploy and use stuff to help me so my “crypto investments” are more like “gas fee expenses” 
Not that I wish to carry on beating a dad horse, but I note that the article linked includes the line “For instance, the FCA banned crypto exchange Binance from operating in the UK over weak anti-money laundering laws.”
Also appears that HMRC are pretty intractable over their view that “cryptocurrencies like Bitcoin don’t represent money or financial contracts”.
What about a mum horse?
Oops. I see what I did there. 
Don’t keep all eggs in the single basket
Figures I noticed yesterday on my Trust Wallet account 
Sadly it was Coinmarketcap.com website database error
If interested in this, listen to The Missing Cryptoqueen podcast. It covers the OneCoin scam and the woman from The Sun article is featured.
It was possible at the beginning of 2021.
Coinbase also did suspend GBP withdrawals around that time 
I am not using Coinbase much so can not say a lot 
You can buy MATIC on Polygon via Moonpay (or crypto.com) so I’v decided to invest in some crypto index funds to save me from trading for 50+ tokens every time I get paid 
It’s on Polygon network so I don’t pay Eth gas fees 
I’ve got a couple of these funds too (DPI and MVI) also via Polygon. Very liberating not having to worry about network fees!
Koda cryptocurrency made more news 
Fiat top up made from 
Article includes some info on current state of FCA registrations. It’s a fairly long article, so hopefully ok to quote a small excerpt…
The cryptocurrency industry and the way it is marketed is not regulated by the FCA, which means buyers are not protected if things go wrong, but since January last year crypto firms need to register with the authority to prove that they meet anti-money laundering rules…
The FCA has identified 218 firms that “appear to be carrying on crypto asset activity” but are not registered. This is not an exhaustive list, the regulator said. The FCA has rejected authorisation for 126 firms wishing to offer crypto services…
There are a further 63 crypto firms listed by the FCA that have been registered or granted temporary permission to continue offering services while the regulator assesses their application for authorisation. Any firm wishing to continue offering crypto services in the UK must register with the regulator by the end of March.
Hope so 
