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
bitcoinpolicyuk / Bitcoin Policy UK
npub1z7…pd4yx
2026-05-08 15:03:09 UTC
Author Public Key
npub1z74dj8y9xgq3lmz3eyvarzmwxwllhuzewz2exwz5j57tf6jssmss9pd4yxSeen on
wss://nos.lolPublished at
2026-05-08 15:03:09 UTCEvent JSON
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"content": "The Bank Of England is considering restrictions on self hosted wallets in the UK.\n\n“These proposals risk expanding data collection, eroding privacy, increasing costs, adding friction, and limiting access through banks and intermediaries.” - nostr:nprofile1qqsthy887pf36j465w0ls5y32a6rf7m06whlnnacmgn4rx0zg845alcpzpmhxue69uhkummnw3ezuamfdejszrrhwden5te0vfexytnfduegajw0 \n\n“This would be of such monumental, such overweening, stupidity, that it is hard to formulate a sensible response.” - nostr:npub1wl39ydk5rpecvtrzhq67afl9ykn2ty2xdxdkfmyan0rss3f3ma5sndznlx \n\nThe UK cannot become a leading digital assets hub while thinking self custody is a bug to fix. \n\nYou cannot stop people from controlling their own private keys.\n\nGood piece from Cointelegraph covering the growing backlash to these proposals.\n\nH/t to Aaron wood.\n\nFull article: \n\nhttps://cointelegraph.com/features/stablecoin-industry-opposes-bank-of-englands-unhosted-wallet-ban",
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