On the 22nd of February, the Treasury Committee in the UK Parliament set up an inquiry into the benefits and risks posed by cryptocurrencies. This follows increased public investment in the unregulated sector which has seen companies make huge returns and losses. The UK Government offers no protection to cryptocurrency investors. Just a few weeks ago, players in this industry formed a trade body, Crypto UK, aimed at self-regulation. In conducting the inquiry, by the Treasury Committee is requesting the public to submit written evidence on policy issues that need to be regulated in the cryptocurrency industry.
The this creates a good opportunity for CrypoUK to put forward its recommendation for adoption by the government.
Read the full article here: https://coinfrenzy.io/crypto-inquiry-can-the-uk-government-balance-innovation-with-regulation/
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