An Interest In:
Web News this Week
- March 24, 2024
- March 23, 2024
- March 22, 2024
- March 21, 2024
- March 20, 2024
- March 19, 2024
- March 18, 2024
September 20, 2018 04:31 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/A9OpsnIZv0Q/time-to-regulate-bitcoin-says-uk-treasury-committee-report
Time To Regulate Bitcoin, Says UK Treasury Committee Report
Bitcoin and other cryptocurrencies are "wild west" assets that expose investors to a litany of risks and are in urgent need of regulation, MPs on the Treasury select committee have said. From a report: The committee said in a report that consumers were left unprotected from an unregulated industry that aided money laundering, while the government and regulators "bumble along" and fail to take action. The Conservative MP Nicky Morgan, the chair of the committee, said the current situation was unsustainable. "Bitcoin and other crypto-assets exist in the wild west industry of crypto-assets. This unregulated industry leaves investors facing numerous risks," Morgan said. "Given the high price volatility, the hacking vulnerability of exchanges and the potential role in money laundering, the Treasury committee strongly believes that regulation should be introduced."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/A9OpsnIZv0Q/time-to-regulate-bitcoin-says-uk-treasury-committee-report
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot