I think they know good and well what it is and they are scared.
Gm nostriches!!!! For anyone from the UK, the fca and the uk government appear to be completely clueless if not completely blind to what #bitcoin is, if you haven’t already, would recommend following bitcoin policy uk and Freddie New, does some good podcasts as well. They have a Substack, some policy stuff to keep you informed, some research stuff. https://open.substack.com/pub/bitcoinpolicyuk?r=gnhl2&utm_medium=ios
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“Don’t let them know there is an exit”