Topic: re: FSA statement (Read 671 times)

I can't reply to the thread so I have to post here:
https://bitcointalksearch.org/topic/an-interesting-read-about-bitcoin-legislation-49862

The FSA froze my lifesavings for years so I know to watch out for the FSA!

This is a well written response from them and whoever wrote it deserves a promotion! Even though as expected it doesn't give a clear answer.

I don't know if you saw the news but basically the ruling party forced an ignore on a referendum on the possibility of leaving the EU in the UK. Something like 30% of politicians resisted it even under threat (they call it whips, I don't know how this is democracy). So for the time being there is the UK government who can influence Bitcoin but there is also the EU.

Thanks for posting.

It's not widely know but the FSA, although paid for by members it is actually a quango created by the Bank of England, who of course are the ones benefitting from the printing press. Because of this it's ultimately 'Don't listen to anything they say in the above statement, they're corrupt anyway'. If the powers that be want to shaft Bitcoin then they will and they will do it with the FSA.

Essentially the FSA do the bidding of the exact people Bitcoin aims to bring to justice.

The words above though seem to me at least for now that the FSA itself probably won't be throwing it's weight around just yet under it's own steam, not unless it gets orders from above.

Looking at how the price jumps around on just one exchange hack people don't seem to have any balls.

All in all why not relocate your VPS outside the EU and stick a client on there.