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UK Parliament Calls Crypto “Wild West”, Insisting On Regulation ASAP: Report

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Wed, 19/09/2018 - 9:52
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UK Parliament Calls Crypto “Wild West”, Insisting On Regulation ASAP: Report
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A group of UK Treasury committee members has issued a report in which it called the electronic coins sector ‘wild west.’ According to the document, the crypto market is utterly unregulated, threatens investors with high volatility, security bugs and lacks legal protection.

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The MPs urge the Parliament to choose if they want to let this sphere develop or suppress it and implement regulatory measures correspondingly.

They mention that the UK meets all conditions for turning into a global crypto hub.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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