https://www.youtube.com/watch?v=Df0_Q_CV4GMThe UK government is continuing its crack down on crypto. One guy had an account with £1.5 million in it frozen. I believe it was in a Coinbase wallet. Obviously this is going to increase during the next 12 months, and it emphasises the fact that you should keep your crypto in a secure wallet, and where you are the only person that knows the private key and the seed.
I took my time to watch the video, and all I can come up with is that there is a form of dictatorship in this whole issue. The voice behind the YouTube video mentioned that authorities go after one's digital assets first, even when there hasn't been any order to carry out an investigation on a person. That alone gives a clearer picture on what the authorities are trying to achieve.
But come to think of it, how come a person with over £1.5M worth in crypto assets fail to understand the importance of self custody. Centralization will always remain centralized no matter how secure their service claims to be.