UK Seeks Guidance On How To Regulate Crypto, Digital Assets
The inquiry by the Crypto and Digital Assets All Party Parliamentary Group covers the country’s existing crypto rules and the government’s hope to become a global hub for digital assets.
Harshvardhan
9:45 8th Aug, 2022
Policy
A U.K. parliamentary group is seeking advice from both industry players and policymakers on regulating cryptocurrencies and the digital asset sector, according to a press release.
It will also examine digital asset regulation, central bank digital currencies (CBDCs), and risks associated with cryptocurrencies.
In July, the U.K. released its first bill covering crypto assets, the Financial Services and Markets Bill, attempting to bring stablecoins into the regulatory framework.
In April, the U.K. announced a plan to boost the country to the status of a global crypto hub, and promised new rules to allow consumers to confidently pay with stablecoins.
