In this episode of ‘On The Record’, we present an audio version of Bitcoin Policy UK’s response to the FCA’s Consultation Paper CP25/40 on regulating cryptoasset activities (submitted 29 Jan 2026). BPUK’s submission stresses a vital distinction: Bitcoin is not interchangeable with issuer-driven “cryptoassets.” https://fountain.fm/episode/jyZRlVKUMbYORmCxs0T7 @bb90e7f0…41eb4eff @77e25236…4531df69