I've been following the development in the UK in line with cryptocurrency for a while now, and I must say that I'm not so happy about most of the things I read. The hypocrisy of that nation is much, they could have just announced to the whole world that they've banned crypto instead of making life difficult for crypto enthusiasts by introducing unfriendly rules and preventing businesses around it by blocking exchanges and other business initiatives with sanctions.
Of course, it's not all their financial institutions, but once the strongest are doing so, how long would it take for more issues to arise?
Politicians thrive on hypocrisy, they claim they will do one thing and then they do the opposite, and when confronted about that fact they look at you as if you were crazy and they never said such a thing, that is the kind of person you are talking about, we have known that politicians are against bitcoin and this market for a long time, however they cannot ban it openly on places like the UK because then people will begin to ask questions about the reason behind banning an asset which does not damage to anyone, so they shadow ban it with all kind of regulations which discourage and punish anyone that wants to deal with it.