British lawmakers called for an end to the "Wild West" in the market of cryptocurrency
The UK Treasury Committee called for strengthening the regulation of the cryptocurrency sector in order to protect investors. It should be noted that the committee includes members of parliament from the House of Commons. They believe that it is necessary to solve a number of issues related to cryptocurrencies. First of all, we are talking about the volatility of prices, addressing the issue of weak consumer protection, the risk of hacker attacks, as well as money laundering. The Committee called for the assignment of the digital assets control function to the Financial Supervisory Authority (FCA). At the same time, this agency doesn't yet have the authority to regulate issuers of digital assets and crypto exchanges.
https://uniton.io/en/news/UK-Treasury-Committee-Calls-for-End-to-Wild-West-Situation-in-Crypto-Market
The UK Treasury Committee called for strengthening the regulation of the cryptocurrency sector in order to protect investors. It should be noted that the committee includes members of parliament from the House of Commons. They believe that it is necessary to solve a number of issues related to cryptocurrencies. First of all, we are talking about the volatility of prices, addressing the issue of weak consumer protection, the risk of hacker attacks, as well as money laundering. The Committee called for the assignment of the digital assets control function to the Financial Supervisory Authority (FCA). At the same time, this agency doesn't yet have the authority to regulate issuers of digital assets and crypto exchanges.
https://uniton.io/en/news/UK-Treasury-Committee-Calls-for-End-to-Wild-West-Situation-in-Crypto-Market