SovereignBeing on Nostr: The days of the UK being a leader in anything are over. VPN bans with purpose. ...

The days of the UK being a leader in anything are over.

VPN bans with purpose. Fortunately they are not competent enough to pull any of this off.

quoting
nevent1q…e34v

The Bank Of England is considering restrictions on self hosted wallets in the UK.

“These proposals risk expanding data collection, eroding privacy, increasing costs, adding friction, and limiting access through banks and intermediaries.” - Susie (nprofile…ajw0)

“This would be of such monumental, such overweening, stupidity, that it is hard to formulate a sensible response.” - fnew (npub1wl3…znlx)

The UK cannot become a leading digital assets hub while thinking self custody is a bug to fix.

You cannot stop people from controlling their own private keys.

Good piece from Cointelegraph covering the growing backlash to these proposals.

H/t to Aaron wood.

Full article:

https://cointelegraph.com/features/stablecoin-industry-opposes-bank-of-englands-unhosted-wallet-ban