The UK Bans Bitcoin & Crypto Derivatives

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">John McAfee arrested in Spain</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">BTC addresses added spikes to two-year high</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">A new election-market narrative emerges</span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: The U.K. has banned crypto derivatives. </span></p> <p><span style="font-weight: 400;">Just days after the U.S. announced significant action involving BitMEX, the U.K.’s Financial Conduct Authority has made its own move to stop crypto derivatives. </span></p> <p><span style="font-weight: 400;">In this episode, NLW breaks down what actually happened, and looks at the reactions from the crypto industry including:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Accusations of hypocrisy</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Skepticism of enforceability </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why it might actually be good for bitcoin </span></li> </ul>