Chip and PIN isn't mandatory in the UK - it's just the default. My debit card is not Chip and PIN, because I asked the bank very nicely.
The problem isn't the Chip and PIN itself, although it has been implemented less securely than it could be. The problem, as you point out, is that the liability for fraud has been shifted in law to the card holder, and that is what I objected to. See https://www.chipandspin.co.uk/ for more.
The problem isn't the Chip and PIN itself, although it has been implemented less securely than it could be. The problem, as you point out, is that the liability for fraud has been shifted in law to the card holder, and that is what I objected to. See https://www.chipandspin.co.uk/ for more.