The UK Treasury Committee announces that cryptocurrencies should be regulated to protect investors!

UK Treasury Committee says cryptocurrencies should be regulated to protect investors

On September 19, 2018, the UK Parliament's Treasury Committee submitted a new report on cryptocurrencies.

>>>Here is the report released on the official site of the UK Treasury Committee

The report states that all cryptocurrencies, including Bitcoin, and the cryptocurrency industry are still immature, therefore,the view that cryptocurrencies should be regulated to protect investorsis presented.

Nicky Morgan of the UK Treasury Committee stated the following about why UK regulators, including the government, have not been proactive in regulating cryptocurrencies.

With Wild West crypto assets, there are numerous issues such as vulnerability to hacking and misuse for money laundering, and investors will bear substantial risk if things stay as they are.

The government and regulators have been issuing warnings to investors that lack persuasive force and have not taken real action.

Regulators should at least advance discussions on investor protection and anti-money laundering.

References:Nicky Morgan’s official Twitter

In early 2018, the UK Treasury Committee voiced points similar to those of Nicky Morgan, indicating that the UK discourse has lagged behind new technologies.

Is the UK calling cryptocurrencies [cryptocurrencies] or [crypto assets]?

Also.........

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>>>See the official site of Crypto Trivia