We’ve submitted our response to the FCA’s crypto consultation (CP25/40). Crypto is not one thing. A meme coin is not an NFT, or a stablecoin or Bitcoin. Treating them all the same leads to bad regulation, higher consumer harm, and lost UK competitiveness. Regulate intermediaries with custody and control,  not open-source infrastructure. Bitcoin is issuer-less, globally liquid, and fundamentally different. UK regulation must reflect that reality. Learn more here: https://bitcoinpolicy.uk/blog-1/f/why-the-fca%E2%80%99s-c… @bb90e7f0…41eb4eff @77e25236…4531df69