Mason Thorpe
183 posts

Mason Thorpe
@themasonthorpe
20🇬🇧


"You can't fund tax cuts with benefit cuts ... it frankly doesn't work." @LauraBeveridge7 broke down why Reform's economic plans make no sense on Politics Live this morning.



In January, @bitcoinpolicyuk wrote to the then City Minister, following a deep dive into the exchange traded products offered by the UK firm @JacobiAssetMgt - highlighting the sad fact that these could not be offered to UK retail investors. Today, we're writing another open letter to the new City Minister, @TulipSiddiq (copied to the Chief Executive of @TheFCA). We highlight the wide gulf opening between the US regulated market in Bitcoin and the UK's; we flag the absurdity in the FCA forbidding citizens from buying regulated products tracking Bitcoin, yet allowing them to buy Bitcoin the asset itself; and emphasise the risks to the UK's reputation for financial innovation and, frankly, competence in financial services, as a result of the FCA's current policy position. Coming hot on the heels of the newly proposed legislation that would formalise Bitcoin as a new kind of property, the FCA's position looks increasingly untenable and is in danger of rendering the UK as little more than a financial services backwater. This must change. (With thanks to @JAN3com , @SatoshiActFund and @bitcoinpolicy for the example of their trailblazing policy work).

Two friends, one passion: Bitcoin 🚀 @Saylor











