Post
Topic
Board Bitcoin Discussion
Re: UK government friezes £6million of crypto in the last 6 months.
by
tread93
on 07/04/2025, 04:24:19 UTC
https://www.youtube.com/watch?v=Df0_Q_CV4GM

The 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.

This is nuts. Definitely if you're facing crypto persecution as this should be called having your own cold storage wallet is as good as gold. Keeping the funds in exchanges is a risky move and definitely the biggest regret of some folks. Make sure that this doesn't happen to you and keep your coins secure and safe!