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The United Kingdom are making investing in crypto increasingly difficult for the everyday public.

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by COINS NEWS 197 Views

The United Kingdom, known for being the money laundering centre of the world, through her terrorities, always has ensured that wealth has been kept within the elite and the general public have no or limited access to ownership and control of the fundamental institutions.of wealth.

It has became increasingly obvious that the world will be shifting towards digital currency, and in all likelihood, countries will carry out their transactions through XRP ledger, but that is another topic that I won't go into just now. There are plenty of videos on YouTube etc that cover XRP.

What I did want to talk about is how the United Kingdom is putting in measures to prevent the regular Joe investing in crypto, and how this isn't for the public's benefit, as they pretend to claim. Rather, with crypto and digital currency about to explode in the coming decade, the elite want to be those who are holding this wealth, not members of what they see as the underclasses.

The first, and most obvious blocker to the general public, is that an increasing number of UK banks have made it impossible to make payments into crypto platforms such as Binance etc. Now, there are still ways around this but it involves extra steps, something that many of their customers will not be aware of, or quite frankly could be bothered doing.

In addition to this, we have saw the UK Treasury get involved and for those who are already involved in crypto and have an account in Binance for example, will be required to provide information by mid February 2022 about their levels of investment. Providing nthe information is quite simple and the platform you use will prompt you on this. The reason behind this though is to prevent regular members of the public accessing all features of Binance.

Finally all this has been backed up by certain media coverage about the dangers and basic FUD regarding crypto.

Now, this is where I see real hypocrisy kicking in by the UK banks. The reason they claim for all this activity is to protect their customers. First of all they say the prevention of payments to crypto platforms is because having crypto means you are open to being a victim of fraud. Now of course there is some truth to this, but the answer isn't to prevent all access to the general population.

Furthermore, for those already involved, they are attempting to limit their activity under the guise of stopping customers getting caught up in risky behavior. But here is the kicker, for decades, UK banks have allowed the general population to empty their bank accounts into gambling websites and were for years happy to carry out transactions with payday loan companies that led to many of their customers going into unmanageable debt.

People, this isn't about customer protection, this is about customer prevention. The elite want to be the only ones involved in crypto and digital currency and are doing what they can to prevent more people getting involved and limiting those who are already trading crypto.

If I were to make a guess, at some point in the future we will see crypto platforms selling customer's crypto and converting it back to the GBP, USD or whatever traditional currency on behalf of their customer and against the customer's wishes.

EDIT: In response to many who don't understand, I did not say all banks in UK stop the purchase of crypto. In fact, I gave examples of banks in my response to someone here.

EDIT 2: Genuinely amazed at the naivety of some people on here that aren't aware of the influence London has on places like Jersey or Cayman Islands, nor are aware of the UK's role in global money laundering.

submitted by /u/TheMillennialBoomer
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