Will the FCA drive UK bitcoin users offshore? Bitcoin Policy UK responds to FCA discussion paper DP25/1 on regulating cryptoasset activities

In this episode, we share an audio version of the full response from Bitcoin Policy UK to the Financial Conduct Authority’s Discussion Paper DP25/1, which explores the future regulation of cryptoasset activities in the UK.From crypto lending and borrowing to staking and ESG concerns, BPUK argues that the FCA’s proposals could have unintended and deeply damaging consequences for innovation, consumer protection and the UK’s place in the global crypto economy.🔍 In this episode:Why treating Bitcoin like meme coins is a mistakeThe risks of banning collateral top-ups in volatile marketsHow the proposed rules may push UK users toward unregulated offshore platformsThe overlooked environmental case for proof-of-work miningPractical recommendations for proportionate, risk-based regulationThis is a must-listen for policymakers, regulators, and anyone who cares about Bitcoin’s future in the UK.📄 Read the full written paper here:👉  Bitcoin Policy UK: Response to the Financial Conduct Authority’s (FCA) Discussion Paper DP25/1To find out more about Bitcoin Policy UK's work and how you can get involved, visit:https://bitcoinpolicy.uk/