UK Lawmakers in Search of Dedicated Govt Insight for Crypto Regulation

The post UK Lawmakers in Search of Dedicated Govt Insight for Crypto Regulation appeared first on Coinpedia Fintech News

British lawmakers have urged the government to promptly establish regulations for financial services concerning cryptocurrencies and appoint a dedicated individual for implementation. The Crypto and Digital Assets All Parliamentary Group (APPG) has emphasized the importance of regulating crypto without delay, given its permanent fixture in the financial world. UK Prime Minister Rishi Sunak recently concluded a discussion with his administration by proposing a change in the country’s policies. The UK plans to introduce regulations on cryptocurrencies, bringing them within the scope of financial service regulations.

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