Part 8/17:
The discussion then delves into how regulatory frameworks, especially in the UK and US, hinder crypto adoption. Simon points out that in the UK, only a few major banks clear into the Bank of England, and many are hesitant or actively avoid working with crypto companies due to compliance fears. In the US, legislation like Operation Chokepoint and subsequent regulations like the 'Travel Rule' have been used (or misused) by authorities to restrict certain types of transactions, often targeting niche businesses or digital currency providers.