Replying to Avatar MTCᵍᵐ

🚨 Some troubling Bitcoin news from the UK.

I met a broker last week, who is making system changes to comply with new regulations requiring all exchanges to implement - by 6 Jan 2024 - the following for UK bitcoin buyers:

- A 6-page test that you must pass.

- You will get 3 chances to pass the test. If you fail all 3, they must deny your account. PERMANENTLY!

- A 48 hr “cooling period” before you can actually buy.

- Your bitcoin purchases will be limited to 10% of your net worth, measured in LIQUID assets.

Trapping you in fiat debt hell. Warn your friends.

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CappyNate🍁 2y ago

No problem. Black market exchanges will pop-up to fill the gap. Also, "physical good" proxies. Buy a computer with Fiat, sell it for Btc.

When the currency is so inflationary and undesirable, the people and market always find a way.

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