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Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation

 
SpaceWarz
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05/10/2022 06:30 PM
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Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation

This crucial move will enable authorities to have the power to proceeds made from ransomware. The Twitter account Watcher.Guru (@WatcherGuru), which has more than 865,000 followers, wrote: "The UK will introduce legislation this year to regulate the Bitcoin and crypto industry and ensure authorities can seize ransomware proceeds."

[link to www.express.co.uk (secure)]
Operation Nexus
Anonymous Coward
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05/10/2022 06:35 PM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
Can someone tell me again what the benefits of bitcoin are?

1. It's not private
2. The govt can take it at any time
3. Costs a shitload of 'gas' just to send it anywhere
4. Volatile as fuck. No way it can be a real currency with that much volatility
5. ???
CKP... quad vaxxed...

User ID: 79523858
United Kingdom
05/10/2022 06:38 PM

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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
He is targetting nothing... they always come up with new ideas for things to add in the Queens Speech to sound tough.....

half of it never gets off the ground, never mind make it to parliament for debate and vote... and if it does, it takes a couple of years..

Polish First.. Slav Power!...

Quadruple vaxxed crew..

Go Putin!...

I don't give Karma so STFU!... only you sad weirdos with no life give users Karma... FACT!..
Anonymous Coward
User ID: 82513730
Italy
05/10/2022 06:39 PM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
He is targetting nothing... they always come up with new ideas for things to add in the Queens Speech to sound tough.....

half of it never gets off the ground, never mind make it to parliament for debate and vote... and if it does, it takes a couple of years..

 Quoting: CKP... quad vaxxed...


You're still alive?

Been spending time in the hospital lately?
CKP... quad vaxxed...

User ID: 79523858
United Kingdom
05/10/2022 06:39 PM

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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
He is targetting nothing... they always come up with new ideas for things to add in the Queens Speech to sound tough.....

half of it never gets off the ground, never mind make it to parliament for debate and vote... and if it does, it takes a couple of years..

 Quoting: CKP... quad vaxxed...


You're still alive?

Been spending time in the hospital lately?
 Quoting: Anonymous Coward 82513730


Nope...
Polish First.. Slav Power!...

Quadruple vaxxed crew..

Go Putin!...

I don't give Karma so STFU!... only you sad weirdos with no life give users Karma... FACT!..
Anonymous Coward
User ID: 82984096
United Kingdom
05/10/2022 06:44 PM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
He is targetting nothing... they always come up with new ideas for things to add in the Queens Speech to sound tough.....

half of it never gets off the ground, never mind make it to parliament for debate and vote... and if it does, it takes a couple of years..

 Quoting: CKP... quad vaxxed...


[link to uk.news.yahoo.com (secure)]
Anonymous Coward
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France
05/10/2022 10:25 PM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
Just part of the coordinated media FUD to suppress the price and liquidation hunt.

If you were smart, you'd see these fud cycles and capitalize on them.

ohyeah
Anonymous Coward
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Australia
05/10/2022 10:32 PM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
They will fund it back to 13k.
Anonymous Coward
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05/10/2022 10:37 PM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
Can someone tell me again what the benefits of bitcoin are?

1. It's not private
2. The govt can take it at any time
3. Costs a shitload of 'gas' just to send it anywhere
4. Volatile as fuck. No way it can be a real currency with that much volatility
5. ???
 Quoting: Anonymous Coward 82513730


*Chinacoin
Anonymous Coward
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United Kingdom
06/05/2022 05:46 AM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
They don't understand it, and think they can seize it. lol good luck with that.
Anonymous Coward
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United Kingdom
06/05/2022 05:48 AM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
they can regulate the "industry" if the companies are uk based.

that doesn't mean anything to the non industry related individuals.

you don't even need an identity to have crypto. there is nothing they can do to change that either.
Anonymous Coward
User ID: 50551127
United Kingdom
06/05/2022 05:50 AM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
They don't understand it, and think they can seize it. lol good luck with that.
 Quoting: Anonymous Coward 70642422


too right they don't understand it.

if they think that passing a law saying they have the right to do something actually makes it possible to do, they are too stupid to be passing laws in the first place.

they will not have any means of getting ransomware payments from anyone by passing this law.
Anonymous Coward
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United Kingdom
06/05/2022 05:54 AM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
Well it couldn’t be cleared that the wef are threatened by decentralised crypto and are hastily creating ‘ laws’ to try and give them control over this


Good to know
BoneTrout

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United States
06/05/2022 06:42 AM

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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
cyrpto will end up only being tax as income and long and shorts wont matter. What you put in to it and what you pull out in a tax year. If you pull out over the 150k a year you will pay the 40+ tax percent on the cash. If you put in 100k and pull out 50K in a tax year then you get no benefit but you pay no tax.

Every other trade is assumed value and not a currency trade.

The whole reason stocks are only sold in usd.

It will also allow more people to get into crypto .

People with money will need a place to store value of wealth. when all this shit starts to fall. Gold and silver will go down when the fed raises interest rates. Stocks collapsing and businesses going bankrupt will possible cause banking issues.Any amount of money over 250k in a bank is risky at this point.

With crypto they might lose a little but they will still have more then all other options.

Last Edited by BoneTrout on 06/05/2022 06:49 AM
All my post are theatrical artistic writing .
Anonymous Coward
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06/05/2022 07:11 AM
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Re: Boris targeting major crackdown on Bitcoin and cryptocurrency - UK unveils new legislation
blowie





GLP