UK Lawmakers Seek Inputs On Regulation Of Digital Assets - BitcoinEthereumNews.com
BTC/USD plunges below $20k. Source: TradingView Mel Stride, chair of the Treasury Committee, noted in a paper calling for evidence that crypto assets “have the potential to bring new and inovative changes to the UK financial system”. He further noted: “However, there are also significant concerns around their use to launder funds, purchase illegal products, and evade international sanctions. In recent months, the value of most cryptoassets has fallen dramatically. As a committee, we will be investigating the opportunities and risks that crypto presents, where additional regulation may be required, and the lessons the government can learn from other countries.” Also, responses addressing how well consumers are protected by current regulations on advertising and money laundering. संबंधित पढ़ना | POW पर नजरें: बिडेन प्रशासन कुछ हफ्तों में बिटकॉइन माइनिंग रिपोर्ट जारी करेगा The Committee will look into the possible effects of distributed ledger technology on financial institutions, including the Bank of England, and if regulation could help crypto-asset start-ups by bolstering consumer trust and resilience. The approach taken by governments and authorities in other nations toward crypto-assets, as well as any lessons that the UK can take from these approaches, is something that MPs are also interested in learning about from stakeholders and experts. More Regulation Is