Several players have said they’ll exit the UK rather than exit encryption.
rightly so.
I'd assume any worldwide player couldn't be caught in compliance with this, as long as alternatives exist that don't.
This might have been enough to push EU people away from WhatsApp for example.
depends how the loans worked.
I was assuming his majority shares of X (ex Twitter) collateral.
And that that he could just go "yeah, go on, collect on your collateral, I don't mind", because it's not worth anything anymore.
But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.