The British do this to themselves.

They EU are asking for early notification and it's for transparency reasons.
And it's not a special British clause.
Yes, it could result in the EU stepping, but that would be a very big thing, and it hasn't happened yet.
If it happens, we can all get upset about it.
Some Brexit "neutrals" will finally learn that Remainers never believed the EU would be fluffy to those outside the bloc.
Some Brexit supporters will learn what it *actually* feels to have an economic super power on their doorstep able to act in their interest and against theirs, in opposed to their fantasies about how they are subsidising companies to leave.
Lots of people will learn the EU can move quite quickly when it has to.
Of course, this wouldn't effect us if we were in the EU...and we'd probably want transparency at this point too.
AZ were not able to satisfy the Commission when they met with them yesterday, and now the EU wants greater visibility. If AZ aren't covering anything up, it may never go beyond this.
Right now this is a non-story that has the potential to be a big story in the future, but as usual the legendary self created shoulder chip the UK has is going to make it the biggest story of the day.
But the British press need something for the EU haters to masturbate too.
So here we are in outrage city again.
I hate to break this to everybody but this is probably going to be UK political discourse for the next 10 years at the least.
It's going to be a long "Once in a generation".

/End

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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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