UK Treasury Select Committee to launch cryptocurrency inquiry - Reuters
|The UK's Treasury Select Committee, a bipartisan group of MPs from both sides of the line, is set to begin an official inquiry into cryptocurrencies and blockchain technology, according to a UK statement.
Key highlights:
- TSC looking at crypto markets and underlying distributed ledger technology.
- Focus on opportunities, risks posed to consumers, businesses, and the government.
- "People are becoming increasingly aware of cryptocurrencies...they may not be aware that they are currently unregulated in the UK... no protection for individual investors," Nicky Morgan, chair of the Treasury Committee
- Committee will collect evidence, submit a report with recommendations to government.
- Statement comes on heels of Mark Carney decrying Bitcoin "a failed currency".
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.