Just read UK’s Treasury Committee: Cryptocurrencies Are Crypto-Assets

UK’s Treasury Committee: Cryptocurrencies Are Crypto-Assets

That crypto investors are exposed to a litany of risks in a largely unregulated and developing sphere is true. It is along the same line of consumer protection that the UK’s Treasury Committee is rallying from calling for immediate regulation of the sphere by the Financial Conduct Authority, the country’s markets watch dog. Investor Protection is PriorityNeedless to say, members of the Treasury Committee are worried that investor protection shouldn’t be taken lightly. At a minimum, regulation should address consumer protection and anti-money-laundering.”UK’s Crypto Regulatory StatusIt’s understandable that the committee have their reservation on cryptocurrencies. Complementing the Treasury Committee calls is the chair of CryptoUK, the crypto-self regulatory body, Iqbal Gandham.

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Wednesday, September 19, 2018