Just read UK Treasury Committee Calls for End to ‘Wild West Situation’ in Crypto Market

UK Treasury Committee Calls for End to ‘Wild West Situation’ in Crypto Market

The U.K. Treasury Committee is calling for cryptocurrency regulations in order to protect investors, the BBC reported September 18. The Treasury Committee said:"As the government and regulators decide whether the current Wild West situation is allowed to continue, or whether they are going to introduce regulation, consumers remain unprotected." CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry, noted the Committee’s recommendations. CryptoUK then said that HM Treasury should impart new competencies upon the FCA, which would allow it to control cryptocurrency investment. The organization argued that regulations should focus on trading platforms and brokers, rather than the assets themselves.

Read the full article at cointelegraph

Wednesday, September 19, 2018