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In October 2023, the UK's Financial Conduct Authority decided to force bitcoin exchanges to make their users pinky-promise to invest no more than 10% of their net assets.
Bitcoin is up 300% against the Pound since then.
Brits - do you feel protected?
15.10.2023
the new rules also require exchanges to limit offerings to only
- high net worth investors (>£100k income or >£250k liquid assets)
- "sophisticated investors" (have some kind of certification)
- "restricted investors" (promise not to invest more than 10% of their net assets)
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