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MPs on the U.K.'s Treasury Select Committee have said that the crypto industry is the "wild west" and that investors are left facing "numerous risks" due to the unregulated environment. According to Conservative MP Nicky Morgan, chair of the committee, the current situation is unsustainable, reports The Guardian. "Bitcoin and other...
A new survey has found that 88 percent of crypto exchanges want regulation, while a third believe a market crash is a significant threat to the industry. The study, conducted by Mistertango, a crypto payment app that is regulated by the Bank of Lithuania, is based on responses from 24...
The Bank of England (BoE) has issued a letter to the CEOs of banks, insurance companies, and designated investment firms warning them of the 'reputational risks' of getting involved with cryptocurrencies. The letter, titled 'Existing or planned exposure to crypto-assets,' was written by Sam Woods, deputy governor and CEO of...
Cryptocurrency self-regulatory industry body CryptoUK has given evidence to a Treasury Select Committee and warned the UK government it must regulate the sector or risk missing out “on the biggest technology since the internet.” Yesterday, June 20th, 2018, CryptoUK chairperson and UK managing director of investment platform eToro, Iqbal V....

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