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UK Banning Bitcoin and Staking by taskmaster4450

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hive-167922 · @taskmaster4450 ·
$13.60
UK Banning Bitcoin and Staking
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafybeici346ruxtxpimzslgzureibzwl5tcqbfazk3gzaeg5hulh6cnety/)](https://3speak.tv/watch?v=taskmaster4450/qjastffj)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/qjastffj)

</center>

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The UK wants to be the crypto capital of the world.  Their solution is in stark contrast to what the US is doing under Trump.


Here is the article mentioned in the video:

https://99bitcoins.com/news/no-license-no-crypto-uks-new-law-makes-bitcoin-staking-and-exchanges-illegal-overnight/

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▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/qjastffj)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 272 others
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vote details (336)
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---

[Posted](/@taskmaster4450/qjastffj#@waivio_amos-jack/re-taskmaster4450-qjastffj-20250430t003539963z) by Waivio guest: [@waivio_amos-jack](/@waivio_amos-jack)
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@redditposh ·
$0.11
https://www.reddit.com/r/unitedkingdom/comments/1kbdmxw/uk_banning_bitcoin_and_staking/
<sub> The rewards earned on this comment will go directly to the people( @uwelang ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. Otherwise, rewards go to the author of the blog post.</sub>
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vote details (2)
@rzc24-nftbbg ·
$0.16
@rzc24-nftbbg "Can the UK government implement this law? How is t..."
Can the UK government implement this law? How is this different from what the Chinese government did years ago, banning Bitcoin?
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vote details (8)
@taskmaster4450le ·
$0.08
@taskmaster4450le "Sure. They are regulating it into compliance. ..."
Sure.  They are regulating it into compliance.  

It is different from Bitcoin mining in that it is pushing everything into the financial system.  I didnt look deep into it but I imagine they will outlaw self custody wallets and force it to be with exchanges.
👍  
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vote details (1)
@rzc24-nftbbg ·
$0.17
I am thinking of unintended consequences. What are the potential setbacks of this law, both to the British economy and crypto users?
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