BREAKING: UK authorities push for regulation to seize your #Bitcoin. „Authorities will be able to retrieve crypto assets directly from exchanges and custodian wallet providers.“ Get your #Bitcoin off exchanges and into cold storage, now! cointelegraph.com/news/uk-govern…
@CarlBMenger Now I’m not one that likes the Gov but to be fair it’s no different that they can freeze/seize your fiat if used for criminal activities. Title doesn’t show the full story.. cherry picked it’s headlines for clickbait
@CarlBMenger It’s only if they believe you’re involved in illegal activity. Same as with funds in your bank. Don’t break the law. Simples
@CarlBMenger Any significant number of people start moving coins off exchanges the fees surge 1000% immediately and it will take months to clear out mempool. The year is 2024 and BTC handles only 7 transactions per second 🤡