Regulation is finally moving at speed here in the UK. Financial Conduct Authority (FCA) has now proposed lifting its ban on crypto ETNs for retail investors, a move that could finally allow individuals to gain regulated exposure to BTC cityam.com/fca-lifts-ban-on-…
The unintended consequences of the UK’s regulatory intent on #Bitcoin continues to baffle me. While ostensibly trying to protect consumers from a high-risk investment, it has instead herded the general public into buying BTC w/o the benefit of advice. 🧵
bmmagazine.co.uk/news/ig-gro…
This is a problem for several reasons:
- XO trades provides zero suitability filter
- lack if due diligence on custody
- lack of portfolio context (unseen risk concentration or tax inefficiencies)
- general advice vacuum 🧵
Anyone interested in understanding more about what Trump is up to, may want to revisit this essay from November 2024.
*these views are my own, and not necessarily those of Evelyn Partners.
hudsonbaycapital.com/documen…
An alternative headline might read: “UK watchdog issues warning about the dangers of holding cash, as inflation continues to erode savings and perpetuate economic inequality”. Might have made for more interesting reading.
#inflation#investmentft.com/content/8e9a1b8a-51f8…
Is this a new iteration of the #Cantilloneffect perhaps? Where those in close proximity to Trump's administration act early to limit effects of USD devaluation policies? #inflation#gold
It is fascinating to me that no mainstream economists, banks, OR financial media companies seem to want to dig into a macro "dog that didn't bark":
WHO IS IMPORTING SO MUCH GOLD INTO THE US THAT IT IS CUTTING GDP IN A $27 TRILLION ECONOMY BY 2.0%, AND WHY ARE THEY DOING IT?!!
Coinbase is now the UK’s largest VASP. 🇬🇧
The United Kingdom is our biggest international market, and this registration represents an important chapter in our international expansion strategy.
Join us this Thursday for a trustee training webinar w interesting topics like:
- cash reserves (Claire Watson)
- charity mergers (Emma Maxwell)
- engagement vs. divestment (me)
Register here: bit.ly/4dQ80xD
@BurnessPaullLLP @evelynpartners#charities#investment