THELOGICALINDIAN - Neil Liversidge of West Riding Personal Finance Solutions has launched a address to accept cryptocurrencies banned aural the UK due to their destabilizing influence
Neil Liversidge, a British absolute banking advisor, has launched a petition demanding legislation “to prohibit affairs in cryptocurrencies in the UK.” So far, he’s begin little traction.
100,000 Signees to Ban Bitcoin
At 10,000 signatures, the UK government charge respond, and at 100,000 signatures, the government charge accede legislation to ban crypto.
So far, beneath than 100 bodies accept active the petition.
The address would ban the use of crypto not aloof by UK citizens but institutions as well, adage “transactions by UK banking institutions in cryptocurrencies such as Bitcoin” should be banned.
Liversidge states that crypto has no built-in amount and introduces a destabilizing access on society, claiming that his address will “impede criminals” if successful. He added states his achievement to appulse acceptance in crypto common and affect crypto prices negatively.
The address comes canicule afterwards the UK regulator FCA warned that crypto investors could “lose all of their money” due to the aerial accident complex in crypto investment. In October 2020, the FCA additionally introduced a ban on acquired crypto articles for retail investors.
While Liversidge’s address may assume like a bald publicity stunt, the foundation for the UK to appoint a added crackdown on crypto already exists.
Of course, that’s not to say that crypto Twitter responded attentive to Liversidge’s notion.
Most of the responses to the advisor’s cheep artlessly acicular out that he appeared apprenticed of the technology he was aggravating to ban.
Liversidge declared that “Cryptos are a con in the truest faculty of the term. I’m out to blast cryptos and attenuate criminals.”
However, one user pointed out the irony of a banking adviser aggravating to ban the world’s top-performing banking asset, saying, “you’re an IFA who believes the best assuming asset of the aftermost decade should be banned because you don’t accept it? Wow, the accompaniment of IFAs these canicule is embarrassing.”
