As the European Union seeks to ban payments of more than €3,000 to self-custodial wallets, the UK financial watchdog continues to shut off UK citizen’s access to buying and selling of cryptocurrencies.
The world has turned upside down
For many citizens in the West, what is happening in their countries financially may still not register. A frog that is placed into cold water, which is then very slowly brought to boiling point, may not notice the adverse temperature until it’s too late.
However, those who have educated themselves on the financial situation of their governments and the implications that this is forcing upon them, might think that the world has turned upside down all of a sudden.
Financial restrictions, that in the past might have been associated with repressive governments such as China, Russia, or perhaps certain dictatorial countries in Africa or Asia, are now being seen in Europe and the UK.
European financial repression
In the European Union a recen
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