MTC on Nostr: 🚨 Some troubling Bitcoin news from the UK. I met a broker last week, who is making ...
🚨 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.
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.