Senior financial adviser Neil Liversedge called on the UK government to ban trading cryptocurrencies such as Bitcoin (BTC).

Livesidge, owner of West Riding Personal Financial Solutions, an independent financial advisory firm, has launched a petition urging local financial authorities to stop crypto transactions in the UK.

“ The legislation prohibits companies or individuals residing in the UK from paying or accepting cryptocurrencies in cryptocurrency, and requires UK regulators (FCA and PRA) to prohibit UK financial institutions from trading cryptocurrencies such as Bitcoin
Liversedge cited a popular anti-crypto story, stating that cryptocurrencies such as Bitcoin have no intrinsic value and “can have a destructive impact on society and are often used in criminal activity.” The adviser also believes that cryptocurrency mining is “harmful to the environment.”

According to the UK Government and Parliament website, the petition deadline is July 7, 2021. At the time of publication, the petition had collected 108 signatures.

In an interview with professional financial advisers on Jan. 13, Livesedge stated that the total ban on cryptocurrency transactions in the UK will help law enforcement agencies reduce the power of criminals using cryptocurrencies such as Bitcoin to engage in illegal activities. The International Intellectual Property Federation believes, “Enforcement will never catch everyone, nor most people, but destroying their financial base will weaken their power.”

Liversedge also stated that the cryptocurrency ban will immediately collapse the market: “If the UK government takes the lead in a widespread ban on cryptocurrency trading, it will cause a chain reaction and cause digital currencies to shift from one to the other. day collapses. ”

The IFA rule is that all cryptocurrency investors should immediately sell their holdings: “So now if you own cryptocurrencies, my advice is to find an old fool and get rid of them quickly.” Liversage also told Cointelegraph: Even if he knew it would bring him hundreds of% of the revenue, he “never had and wouldn’t buy any form of cryptocurrency.”

Bitcoin’s sustained rise has pushed its price up to $ 42,000, no doubt prompting global Bitcoin deniers to finally make a statement on Bitcoin after being silent in 2020. is going to explode “sooner or later”. On January 13, European Central Bank President Christine Lagarde announced that Bitcoin is a “highly speculative asset” and a “funny thing” that can help money launderers.