"While cryptocurrency wallets that are operated by individuals can only be accessed by the owner, those at centralised online exchanges such as Coinbase, Binance and Kraken could be subject to the rules."
Not your keys, not your coins.
https://www.nobsbitcoin.com/hmrc-seeks-powers-to-seize-bitcoin-from-custodial-wallets-in-uk/
Ive been saying this for a while. But at this point in the game its straight up irresponsible to recommend a custodian to new Bitcoiners. You literally do them a disservice by not showing them how to use peer to peer tools and self custody first thing.
Fuck mass adoption if it means going through custodians. We are here to fight the state and remove its destructive grip on money right?
Perhaps i'm naive but I truly belive that people are smarter than we give them credit for. Opting for a custodian just because it's "easy" is a bullshit excuse. It is becoming blatantly obvious that governments are trying to tighten the noose via regulation.
Now this doesn't mean that someone has to go balls to the wall and run a node before they ever buy Bitcoin. I get that the technical side of things will not be for everybody and thats fine. But teach people about the importance of non-kyc options and how to use them. Hold their hand through creating a new wallet and restoring it from a seed.
I'm probably preaching to the choir for the most part here. But I still feel like a lot of this stuff has to be said.
/end rant.
Apparently I woke up salty today.
