UK lawmakers opened an inquiry into the future of cryptocurrency, with plans to consider the impact crypto could have on consumers, the government and financial institutions.
Lawmakers in the United Kingdom began an inquiry into the future of cryptocurrency on Wednesday,The Treasury Committee is considering whether digital currencies could replace traditional currency in some instances, and how to strike the right balance on government regulation, according to the official“Treasury Committee will examine the potential risks and opportunities associated with the use of crypto-assets, their impact on social inclusivity and the possible need for regulatory change in...
The investigation will cover the role of crypto assets in the U.K., how distributed ledger technology could impact financial institutions like the central bank and how to protect consumers without stifling innovation. Evidence is due by Sept. 12 at 5 p.m. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Sign up for our daily Newsletters
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