Lexis®Library update: It says the growth of cryptocurrencies and digital assets without comprehensive regulation presents considerable risks.
The report, Realising Government’s Vision for the UK To Become a Global Hub for Cryptocurrency & Fintech Innovation, makes 53 recommendations to the government on a number of key areas including:
• the UK’s approach to regulation of cryptocurrency
• the role and current approach of UK regulators including the Bank of England, the Financial Conduct Authority and the Advertising Standards Agency
• the potential offered by Central Bank Digital Currencies
• risks faced in terms of consumer protection and financial crime
Sources: APPG publishes inquiry report on crypto and digital assets
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 5 June 2023 and is published with permission. Further information can be found at: www.lexisnexis.co.uk
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