A parliamentary group in the United Kingdom, the Crypto and
Digital Assets All Party Parliamentary Group (APPG), recently said it
had launched an inquiry that will examine the country’s present approach
to crypto and digital asset regulation. In addition to gathering
information via evidence sessions, the APPG said it is also open to
views from players in the sector.
Making the UK the ‘Global Home of Crypto Investment’
A United Kingdom (U.K.) parliamentary committee known as the Crypto
and Digital Assets All Party Parliamentary Group (APPG), recently said
it had launched an inquiry into the country’s crypto and digital assets
sector. The inquiry will focus on the country’s current approach to the
regulation of crypto and digital assets. It will also examine the U.K.
government’s plans to make the country a “global home of crypto
investment.”
In a statement,
the parliamentary group said it will hold several evidence sessions
over the coming months. Besides gathering evidence via public meetings,
the APPG said it is also open to views from players in the sector like
crypto operators, regulators, and industry experts.
After the inquest period is over, the APPG said it will prepare “a
report with key recommendations and will share its findings with
Government for consideration.” The report will also be shared with the
Treasury Select Committee in parliament.
Crucial Time for Crypto Industry
Remarking on the launch of the inquiry, Lisa Cameron, the chairperson of the Crypto and Digital Assets APPG, said:
The UK Crypto sector has seen increased interest from
consumers and regulators as the number of people who now own some form
of cryptocurrency or digital asset has grown in recent years. We are at a
crucial time for the sector as global policymakers are also now
reviewing their approach to crypto and how it should be regulated.
Cameron added the group will also look at concerns about financial
crimes and advertising in the U.K.’s crypto sector. The APPG will
further look at the steps taken by regulators from other jurisdictions.
Meanwhile, the group’s statement said submissions by individuals and
organizations that wish to air their views must be sent via email on or
before September 5. The statement also revealed that the APPG “will
accept relevant reports and research as part of any written submission
as an appendix.”
source link : https://news.bitcoin.com/uk-parliamentary-group-seeks-views-of-crypto-industry-players/
