Britain's Financial Conduct Authority or its former head

A friend sent me this today, I just wanted to share it with the community.

https://committees.parliament.uk/writtenevidence/118882/pdf/

I assume some people know the UK is working on regulation and the digital pound: https://www.bankofengland.co.uk/the-digital-pound

Here is some classic FUD. Some interesting attack vectors/classic ones.

"It is clear that Proof Of Work (PoW) systems have massive negative impacts on the environment, but that those who speculate on PoW tokens such as Bitcoin do not care. 3 Accordingly, this issue cannot be addressed through disclosure. If the government is serious about its commitment to tackling the climate emergency, it will not permit PoW tokens to be promoted on UK regulated financial services markets".

Otherwise, he mentions/claims that Bitcoin has no utility or inherent value and works as" not only serves no social purpose: it often impoverishes vulnerable people; and on the way there, it often gravely damages our environment"

Hope this is an interesting read despite being unfactual and rather hilarious.