Latest Posts

UK Parliamentary Group Seeks Views of Crypto Industry Players

- Advertisement -


A parliamentary group in the United Kingdom, the All Party Parliamentary Group on Cryptocurrencies and Digital Assets (APPG), recently said it had launched an investigation that would look into the country’s current approach to regulating cryptocurrencies and digital assets. APPG said that in addition to collecting information at evidence meetings, it is also open to the views of players in the sector.

Turning the UK into a “global home of crypto investment”

- Advertisement -

The Parliamentary Committee of the United Kingdom (UK), known as the All Party Parliamentary Group on Cryptocurrency and Digital Assets (APPG), recently said it had launched an investigation into the country’s cryptocurrency and digital assets sector. The investigation will focus on the country’s current approach to regulating cryptocurrencies and digital assets. He will also review the UK government’s plans to make the country a “global home for cryptocurrency investment.”

- Advertisement -

AT statement, the parliamentary group said it would hold several evidence-gathering meetings in the coming months. APPG has stated that in addition to collecting evidence at public meetings, it is also open to the views of players in the sector such as crypto operators, regulators and industry experts.

- Advertisement -

At the end of the investigation period, APPG said it would prepare “a report with key recommendations and share its findings with the government for consideration.” The report will also be submitted to the Treasury Select Committee in Parliament.

Decisive time for the crypto industry

Noting the start of the investigation, Lisa Cameron, Chairman of APPG Crypto and Digital Assets, said:

The UK crypto sector is attracting increased interest from consumers and regulators as the number of people who currently own some form of cryptocurrency or digital assets has risen in recent years. We are at a critical time for the sector as global policy makers are also rethinking their approach to cryptocurrencies and how they should be regulated.

Cameron added that the group will also address concerns about financial crime and advertising in the UK crypto sector. APPG will further consider steps taken by regulators in other jurisdictions.

Meanwhile, the group said in a statement that submissions from individuals and organizations who wish to voice their views must be emailed no later than September 5th. The statement also states that APPG “will accept relevant reports and studies as part of any written submission as an attachment.”

What do you think of this story? Let us know what you think in the comments section below.

Denial of responsibilityA: This article is for informational purposes only. This is not a direct offer or solicitation to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly liable for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this article.



Credit : news.bitcoin.com

- Advertisement -

Latest Posts

Don't Miss