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House Price Crash Forum

Peter Hun

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Posts posted by Peter Hun

  1. 13 hours ago, smash said:

    Couldn't you go to El Salvador and spend a holiday emptying ATMs of USD and just bring it back, how would the FCA know?

    In you have more than £1000 in cash when crossing the UK border into can be confiscated as proceeds of crime at the UK border. The border guards will check you back ground and conclude your are money laundering. 

    It shows up on x-ray, btw, as I found out.

  2. 1 hour ago, scottbeard said:

    Just the same way that, thanks to regulations, Class A drugs, prostitution, cash-in-hand jobs and snogging work colleagues during a pandemic don't exist.

    Or could it be that actually governments don't actually have the power to stop things happening?

    So you really think they cannot stop you transferring between fiat and crypto when every single electronic transaction is under their control?

  3. 1 hour ago, markyh said:

    Nothing stopping me opening a bank account in the USA, I already have a EU Euro Bank account with english online banking opened "just in case" the FCA pull any crap. 

    I could sell into Euro's and transfer from my EU bank account to my UK bank account € to £ via a SEPA transfer. 

    Nothing short of a universal worldwide co-ordinated ban of Crypto could stop me, and with Bitcoin mining moving out of China, and several countries opting to adopt Bitcoin as legal tender, there is literally nothing the FCA can do to stop this, because they just cant tell where in the world banking system is also dealing in Crypto. 

    The War is lost, but they still want to fight losing battles to cling to FIAT.  

    How would you qualify for a US and EU bank account? Are you resident?

  4. The FCA also this weekend issued a consumer warning against both the Cayman Islands-registered Binance holdings company and Binance Markets Limited, a London-based affiliate that is controlled by chief executive Changpeng Zhao and is overseen by the UK regulator. 

    “Binance Markets Limited is not permitted to undertake any regulated activity in the UK,” the FCA said, adding, “no other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.”

  5. The UK’s financial watchdog has ordered Binance to stop all regulated activities in Britain and imposed stringent requirements in a stinging rebuke of one of the world’s biggest cryptocurrency exchanges. 

    The intervention by the Financial Conduct Authority in recent days is one of the most significant moves any global regulator has made against Binance, a sprawling digital asset firm with subsidiaries around the world. The exchange has until Wednesday evening to confirm it has complied with the watchdog’s demands, and removed its advertising.

    The intervention is a sign of how regulators are cracking down on the cryptocurrency industry over concerns relating to its potential role in illicit activities such as money laundering and fraud, and over often weak consumer protection.

  6. 1 hour ago, Bob8 said:

    Here I will be a wide eyed fan boy. The collapse of the Soviet-block led to a transition, in the large majority of cases to reasonably functioning democracies. Taking that for granted is something only possible with hindsight, it is unheard of that so a power could collapse and stability come in the wake of it. There are exceptions, Yugoslavia more tragically and the further East of Europe.

    That is not entrely down to the EU, but it was certainly a significant part. Regardless of whether the UK should be in the EU (it is a separate issue), I am grateful we saw EU entry.

    Why does Netherlands thinks it has the right to tell Hungary leave the EU?  It has no more than Hungary has to impose its opinions.

  7. 2 hours ago, goldbug9999 said:

    The ban is ineffective, you can just use etoro which is an FCA regulated investment platform, you can fund it using paypal so the bank has no way of stopping you getting the money there. Plus the fact that paypal are going to allow you buy BTC directly in the UK at some point anyway. At the end of the day what the UK dinosaur institutions choose to do is irrelevant.

     Regulators can stop any financial transaction it wants any time. If it wants to stop eToto accepting paypal transfer,  they will comply.  Paypal blocks a countries citizens using crypto.. no problem.

    Being regulated means permission to do a very explicit function, it's not a Global do what the fook you want.

  8. 20 hours ago, Casual-observer said:

    Disagree, I had a good gut feeling it was a realistic possibility the moment Cameron's negotiations flopped. That was the final signal to many that neither Westminster nor Brussels were taking the threat seriously. 

    I knew for certain which way the North East of England was voting, I could see it a mile off.

    I recall the night of the election the media were aghast at the North East numbers, I wasn't. 

    As a remainer I had a strong suspicion that it would go as it did.

    Doesn't affect that I was surrounded by EU citizens in professional jobs and you are clueless if you think that EU immigration was only about unskilled jobs.

    Hence the government commitment to protect the jobs of the unskilled and keep up immigration from the educated.

  9. 9 hours ago, Buffer Bear said:


    @Peter HunSome hold a different view.



    Reeks of jealousy.  @markyhet al are well up.

    👍 @ubuntu

    @Salty1Wise man.  He holds about 70% of the voting power, which is unusual.  Some banks didn't want to agree to this structure when it became a public company.  Saylor refused to play ball and got his way in the end. Why do we think he is CEO after 24 years+ and with the price crashing by around 80% previously.  Saylor cannot be ousted, it appears.

    Whilst I don't understand the ins and outs of business/investments, given his personal wealth $500m, maybe this is his get out clause should it go pear shaped.  His average cost price is in the low $20ks

    He didn't design bitcoin.

    Look at Central Bank Digital  Currency,  almost the opposite of Bitcoin.

    It goes without saying that you are deluded ig you think that the world will give up control of its economies.

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