ЁЯСиЁЯП╛тАНЁЯТ╗ OK. So the @Independent is such a rare thing these days. There are a couple of things to highlight in this article.

Firstly, Rules of Origin generally are a WTO concept not EU concept. The Single Market recognised the UK as equivalent #Thread

Most of the provision of the UK-EU Partnership Agreement undoes EU rules to 'regress' to WTO rules, before then applying the Free Trade Agreement elements between the two parties. That's the nature of going from Single Market & Customs Union, to a [mere] free trade agreement /2
The affected industry bodies seem to think they can just pick up the trade deal & start negotiations from scratch again. No, that's not how it works. The EU are now not part of the regulatory chain the UK can access, since the UK gave up on the shared competency of membership /3
Unlike UK Parliamentary law, which works on the principle of not binding future electorates, this is a principle that can only apply in the UK. The EU (or anyone else we ever end a deal with) not only doesn't recognise it, but can't! /4
Previously, in the UK, you could just write to your MP, who could raise questions with the shared l competency, through the European Council. You could also write to your MEP, who could raise questions to the European Parliament. Now, neither of these apply /5
Meaning de facto effect of undoing treaties binds future electorates

There is never 3rd party obligation to submit to the UK. They don't follow UK law in their countries. Also, deal limits reviews of provisions by Partnership Council. No less than 2 yrs & at least every 5 /6
The flummoxing thing is this was always the case. It was the case before the referendum 4.5 years ago. There is no 'Undo' on this. Yet most trade bodies had policies of remaining neutral on the question of EU membership. Directly contradicting their responsibility to members /7
This was especially comical with those lobbying government. As they had the remit to do something, but didn't. Comically, FSB & local Chambers included.

So of course, during the 4+ year campaign to rethink or at least verify the deal, remainers & #RemainerNow were right /8
So the trade bodies have very little they can do, as MPs have next to nothing they can do.

Worse: recently the select committees supposed to feed concerns of businesses up through the deal's subcommittees & into the Partnership Council, we're disbanded /9
Meaning there is currently no way to get the change these trade bodies seek. The UK first has to reinstitute a mechanism of interacting with Civil Society on the issues raised, which is an accepted requirement of the deal, before any such proposal can be put. /10
In practice, this all means that the professional trade bodies got this badly wrong. They didn't march, they didn't lobby, they didn't even properly write and they didn't act. So arguably, share responsibility for this, with complete inability to change it now /11
The advice for crossing the channel, through whatever means should basically be:

1. Don't
2. If you must, eat before you set of
3. Go before you go

And yeah. #WeToldYouSo /end

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рд╕рддреНрдпрд╡рддреА рдиреЗ рдорд╣рд░реНрд╖рд┐ рднреГрдЧреБ рд╕реЗ рдЕрдкрдиреЗ рддрдерд╛ рдЕрдкрдиреА рдорд╛рддрд╛ рдХреЗ рд▓рд┐рдП рдкреБрддреНрд░ рдХрд╛ рд╡рд░рджрд╛рди рдорд╛рдВрдЧрд╛редрдпреЗ рдЬрд╛рдирдХрд░ рдорд╣рд░реНрд╖рд┐ рднреГрдЧреБ рдиреЗ рдпрдЬреНрдЮ рдХрд┐рдпрд╛ рдФрд░ рддрддреНрдкрд╢реНрдЪрд╛рдд рд╕рддреНрдпрд╡рддреА рдФрд░ рдЙрд╕рдХреА рдорд╛рддрд╛ рдХреЛ рдЕрд▓рдЧ-рдЕрд▓рдЧ рдкреНрд░рдХрд╛рд░ рдХреЗ рджреЛ рдЪрд░реВ (рдпрдЬреНрдЮ рдХреЗ рд▓рд┐рдП рдкрдХрд╛рдпрд╛ рд╣реБрдЖ рдЕрдиреНрди) рджрд┐рдП рдФрд░ рдХрд╣рд╛ рдХрд┐ рдЛрддреБ рд╕реНрдирд╛рди рдХреЗ рдмрд╛рдж рддреБрдореНрд╣рд╛рд░реА рдорд╛рддрд╛ рдкреБрддреНрд░ рдХреА рдЗрдЪреНрдЫрд╛ рд▓реЗрдХрд░ рдкреАрдкрд▓ рдХрд╛ рдЖрд▓рд┐рдВрдЧрди...

...рдХрд░реЗрдВ рдФрд░ рддреБрдо рднреА рдкреБрддреНрд░ рдХреА рдЗрдЪреНрдЫрд╛ рд▓реЗрдХрд░ рдЧреВрд▓рд░ рд╡реГрдХреНрд╖ рдХрд╛ рдЖрд▓рд┐рдВрдЧрди рдХрд░рдирд╛ред рдЖрд▓рд┐рдВрдЧрди рдХрд░рдиреЗ рдХреЗ рдмрд╛рдж рдЪрд░реВ рдХрд╛ рд╕реЗрд╡рди рдХрд░рдирд╛, рдЗрд╕рд╕реЗ рддреБрдо рджреЛрдиреЛ рдХреЛ рдкреБрддреНрд░ рдкреНрд░рд╛рдкреНрддрд┐ рд╣реЛрдЧреАредрдкрд░рдВрддреБ рдорд╛рдВ рдмреЗрдЯреА рдХреЗ рдЪрд░реВ рдЖрдкрд╕ рдореЗрдВ рдмрджрд▓ рдЬрд╛рддреЗ рд╣реИрдВ рдФрд░ рдпреЗ рдорд╣рд░реНрд╖рд┐ рднреГрдЧреБ рдЕрдкрдиреА рджрд┐рд╡реНрдп рджреГрд╖реНрдЯрд┐ рд╕реЗ рджреЗрдЦ рд▓реЗрддреЗ рд╣реИрдВред

рднреГрдЧреБ рдЛрд╖рд┐ рд╕рддреНрдпрд╡рддреА рд╕реЗ рдХрд╣рддреЗ рд╣реИрдВ,"рдкреБрддреНрд░реА рддреБрдореНрд╣рд╛рд░рд╛ рдФрд░ рддреБрдореНрд╣рд╛рд░реА рдорд╛рддрд╛ рдиреЗ рдПрдХ рджреБрд╕рд░реЗ рдХреЗ рдЪрд░реВ рдЦрд╛ рд▓рд┐рдП рд╣реИрдВредрдЗрд╕ рдХрд╛рд░рдг рддреБрдореНрд╣рд╛рд░рд╛ рдкреБрддреНрд░ рдмреНрд░рд╛рд╣реНрдордг рд╣реЛрддреЗ рд╣реБрдП рднреА рдХреНрд╖рддреНрд░рд┐рдп рд╕рд╛ рдЖрдЪрд░рдг рдХрд░реЗрдЧрд╛ рдФрд░ рддреБрдореНрд╣рд╛рд░реА рдорд╛рддрд╛ рдХрд╛ рдкреБрддреНрд░ рдХреНрд╖рддреНрд░рд┐рдп рд╣реЛрдХрд░ рднреА рдмреНрд░рд╛рд╣реНрдордг рд╕рд╛ рдЖрдЪрд░рдг рдХрд░реЗрдЧрд╛ред"
рдЗрд╕ рдкрд░ рд╕рддреНрдпрд╡рддреА рдиреЗ рднреГрдЧреБ рдЛрд╖рд┐ рд╕реЗ рдмрдбрд╝реА рд╡рд┐рдирддреА рдХреАред


рд╕рддреНрдпрд╡рддреА рдиреЗ рдХрд╣рд╛,"рдореБрдЭреЗ рдЖрд╢реАрд░реНрд╡рд╛рдж рджреЗрдВ рдХрд┐ рдореЗрд░рд╛ рдкреБрддреНрд░ рдмреНрд░рд╛рд╣реНрдордг рд╕рд╛ рд╣реА рдЖрдЪрд░рдг рдХрд░реЗред"рддрдм рдорд╣рд░реНрд╖рд┐ рдиреЗ рдЙрд╕реЗ рдпреЗ рдЖрд╢реАрд░реНрд╡рд╛рдж рджреЗ рджрд┐рдпрд╛ рдХрд┐ рдЙрд╕рдХрд╛ рдкреБрддреНрд░ рдмреНрд░рд╛рд╣реНрдордг рд╕рд╛ рд╣реА рдЖрдЪрд░рдг рдХрд░реЗрдЧрд╛ рдХрд┐рдиреНрддреБ рдЙрд╕рдХрд╛ рдкреМрддреНрд░ рдХреНрд╖рддреНрд░рд┐рдпреЛрдВ рд╕рд╛ рд╡реНрдпрд╡рд╣рд╛рд░ рдХрд░реЗрдЧрд╛ред рд╕рддреНрдпрд╡рддреА рдХрд╛ рдПрдХ рдкреБрддреНрд░ рд╣реБрдЖ рдЬрд┐рд╕рдХрд╛ рдирд╛рдо рдЬрдореНрджрд╛рдЧреНрдирд┐ рдерд╛ рдЬреЛ рд╕рдкреНрдд рдЛрд╖рд┐рдпреЛрдВ рдореЗрдВ рд╕реЗ рдПрдХ рд╣реИрдВред
So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
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рд╡рд┐рд╣рд┐рдд рд╡рд╣рд┐рддреНрд░-рдЪрд░рд┐рддреНрд░рдореН рдЕрдЦреЗрджрдореН
рдХреЗрд╢рд╡ рдзреГрдд-рдореАрди-рд╢рд░реАрд░, рдЬрдп рдЬрдЧрджреАрд╢ рд╣рд░реЗ!!


рдЫрд▓рдпрд╕рд┐ рд╡рд┐рдХреНрд░рдордгреЗ рдмрд▓рд┐рдореН рдЕрджреНрднреБрдд-рд╡рд╛рдорди
рдкрдж-рдирдЦ-рдиреАрд░-рдЬрдирд┐рдд-рдЬрди-рдкрд╛рд╡рди
рдХреЗрд╢рд╡ рдзреГрдд-рд╡рд╛рдорди рд░реВрдк рдЬрдп рдЬрдЧрджреАрд╢ рд╣рд░реЗ


рдирдВрджрд╕рд┐ рдпрдЬреНрдЮ- рд╡рд┐рдзреЗрд░реН рдЕрд╣рдГ рд╢реНрд░реБрддрд┐ рдЬрд╛рддрдореН
рд╕рджрдп-рд╣реГрджрдп-рджрд░реНрд╢рд┐рдд-рдкрд╢реБ-рдШрд╛рддрдореН
рдХреЗрд╢рд╡ рдзреГрдд-рдмреБрджреНрдз-рд╢рд░реАрд░ рдЬрдп рдЬрдЧрджреАрд╢ рд╣рд░реЗ


рдХреНрд╖рддреНрд░рд┐рдп-рд░реБрдзрд┐рд░-рдордпреЗ рдЬрдЧрджреН -рдЕрдкрдЧрдд-рдкрд╛рдкрдореН
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рдХреЗрд╢рд╡ рдзреГрдд-рднреГрдЧреБрдкрддрд┐ рд░реВрдк рдЬрдп рдЬрдЧрджреАрд╢ рд╣рд░реЗ