Just read UK Lawmakers Call For Greater Oversight of Crypto Industry

UK Lawmakers Call For Greater Oversight of Crypto Industry

A group of U.K. lawmakers has called for more oversight and regulation of the cryptocurrency industry in a new report published Wednesday. The report comes roughly seven months after the U.K. Treasury Committee first announced it would look into the benefits and risks of cryptocurrencies. The group wants to give the Financial Conduct Authority (FCA), the U.K.'s top financial regulator, more authority to regulate crypto markets. As a result, cryptocurrencies are more volatile than other asset classes, which can result in either greater gains or a greater loss. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Wednesday, September 19, 2018