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

  • Yuri Molchan
    📰 News

    A group of UK Treasury committee members has issued a report called digital coins sector ‘wild west.’ According to the document, the crypto market is unregulated


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

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.

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.

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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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