Bitcoin vs Crypto: BPUK Responds to FCA discussion paper DP24/4 on regulating cryptoassets
Manage episode 477132511 series 3659367
This episode is an audio version of Bitcoin Policy UK's full response to the Financial Conduct Authority’s Discussion Paper DP24/4: “Regulating Cryptoassets: Admissions, Disclosures and the Market Abuse Regime.”
The paper makes the case for why Bitcoin must be regulated differently from the rest of the so-called 'crypto' market, including the thousands of meme coins like "Unicorn Fart Dust" ($UFD). Drawing on regulatory logic, financial comparisons, and real-world consequences, this response challenges the FCA’s blanket approach and calls for clearer distinction, better risk frameworks and more intellectually coherent regulation.
🔍 In this episode:
- Why Bitcoin is more like gold or digital cash - and not like a fintech stock or a meme coin
- How current UK regulation is harming consumers and stifling innovation
- The dangers of treating a $2 trillion monetary asset like a zero-cost joke token
- The real-world consequences of regulatory confusion
- Specific recommendations for improving the FCA’s proposals
🎧 Listen in to understand why regulation must recognise Bitcoin as an emerging form of money and not as just another cryptoasset.
📄 Read the full written paper here:
👉 Discussion Paper DP24/4. Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets (the “Paper”) - Consultation Response from Bitcoin Policy UK
To find out more about Bitcoin Policy UK's work and how you can get involved, visit:
3 episodes