Enlightened Maximalist. Always happy to help with ₿itcoin understanding, just reach out. Nostr ⚡[email protected]
Genesis Block
Joined November 2020
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A great exchange for Europe and the Americas..
app.bullbitcoin.com/registra…
Positive ₿itcoiner Chad retweeted
If all the market traders, who run around chasing the latest thing, just bought and held ₿itcoin, they would exceed their growth targets, by orders of magnitude..
Gold is no longer a scarce asset.
So that just leaves ₿itcoin, which can't be forged in a fusion reactor..
Positive ₿itcoiner Chad retweeted
Doesn't apply to money held in ₿itcoin
🇬🇧 UK TAX AUTHORITY RESUMES DIRECT SEIZURES FROM BANK ACCOUNTS
HMRC has reinstated powers suspended during the pandemic that allow it to recover unpaid taxes directly from individuals’ and businesses’ bank accounts without obtaining a court order.
The policy, restarted in a “test and learn” phase in 2025, applies to tax debts of £1,000 or more and allows HMRC to withdraw funds from current accounts and cash ISAs.
Safeguards include:
• A minimum of £5,000 must remain in the debtor’s accounts.
• HMRC must make a face-to-face visit before initiating recovery.
• Debtors have 30 days to appeal before any funds are transferred.
• Vulnerable individuals and those experiencing financial hardship may receive additional protections.
The powers allow the government to compel banks and building societies to transfer funds directly to HMRC to settle outstanding tax liabilities.
If all the market traders, who run around chasing the latest thing, just bought and held ₿itcoin, they would exceed their growth targets, by orders of magnitude..
Doesn't apply to money held in ₿itcoin
🇬🇧 UK TAX AUTHORITY RESUMES DIRECT SEIZURES FROM BANK ACCOUNTS
HMRC has reinstated powers suspended during the pandemic that allow it to recover unpaid taxes directly from individuals’ and businesses’ bank accounts without obtaining a court order.
The policy, restarted in a “test and learn” phase in 2025, applies to tax debts of £1,000 or more and allows HMRC to withdraw funds from current accounts and cash ISAs.
Safeguards include:
• A minimum of £5,000 must remain in the debtor’s accounts.
• HMRC must make a face-to-face visit before initiating recovery.
• Debtors have 30 days to appeal before any funds are transferred.
• Vulnerable individuals and those experiencing financial hardship may receive additional protections.
The powers allow the government to compel banks and building societies to transfer funds directly to HMRC to settle outstanding tax liabilities.
👀
A lot of institutions, norms, and expectations are about to fall, or have fallen. Why is Bitcoin’s progression unaffected? What are the implications?
Join us shortly.
xitter.cf/i/spaces/1AJEmvabBzkJL
