Restricting access to the only absolutely scarce asset to ever exist which can’t be controlled by governments is about the dumbest thing governments can do.
This is just going to jack up the demand and thus the price and thus increase the demand, thus the price… 🔁 nostr:note1sfm3m22gde6jhw9a8asqch60zhprevl33qs5tr0s8phupwg8gtgq4pyqkf
I’ve seen no credible, original sources. What I have seen are new “ads rules” building on what the FCA already over-regulates.
They should be required to disclose that everything other than bitcoin is a scam.
Well, that's the idea. So the "accredited investors", i.e. the cronies of the banksters and the politicians, benefit more.
Gov’s intention might be to help their friends but that’s not how this will play out in reality.
It benefits existing holders whose coins will go up in value and who aren’t gonna suddenly sell to “accredited investors” just because some new rules were introduced over an asset the gov and their cronies can’t control.
These are similar to securities laws in the US. Positive if it is properly applied to all the shitcoins. Need to get/keep BTC off the list. Good news is the BTC is truly peer to peer, so it can get around these restrictions.
