DonateMost active topics
Latest topics
Task Force in the UK Will Study Framework for Potential Cryptocurrency Regulations
Page 1 of 1 • Share
Task Force in the UK Will Study Framework for Potential Cryptocurrency Regulations
by Vladdirescu Fri Mar 23, 2018 11:40 pm
A new Cryptoassets Task Force was set up in the UK on March 22, 2018, by the Treasury, Bank of England, and Financial Conduct Authority (FCA) to explore the risks of cryptoassets, the benefits of this technology, and its influence.
The UK’s Chancellor of the Exchequer, Philip Hammond, stated in a policy paper titled Fintech Sector Strategy: Securing the Future of UK Fintech that the government intends to study the important issues by “understanding and engaging with the implications of new technologies.”
In a push towards regulation, the Cryptoassets Task Force will decide how the authorities will deal with cryptocurrencies in the Fintech industry. Regarding the recent volatility of the cryptocurrency market, investors are at risk. Hammond explains, “Like traditional assets, cryptoassets may act as a store of value, but they have recently been subject to speculation which has led to significant volatility, contributing to them being risky investments.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/uk-study-cryptocurrency-regulations/
The UK’s Chancellor of the Exchequer, Philip Hammond, stated in a policy paper titled Fintech Sector Strategy: Securing the Future of UK Fintech that the government intends to study the important issues by “understanding and engaging with the implications of new technologies.”
In a push towards regulation, the Cryptoassets Task Force will decide how the authorities will deal with cryptocurrencies in the Fintech industry. Regarding the recent volatility of the cryptocurrency market, investors are at risk. Hammond explains, “Like traditional assets, cryptoassets may act as a store of value, but they have recently been subject to speculation which has led to significant volatility, contributing to them being risky investments.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/uk-study-cryptocurrency-regulations/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
Similar topics» Thailand Enforces Cryptocurrency Legal Framework
» Network Units Designs a New Framework for Multiplayer Gaming Systems
» Australian Cryptocurrency Exchanges to Meet New Technology Regulations
» Owner of New York Stock Exchange Would Allow Potential Investors to Trade Bitcoin
» Minexcoin Announce Potential Breakthrough In Secure Crypto Atomic Swaps
» Network Units Designs a New Framework for Multiplayer Gaming Systems
» Australian Cryptocurrency Exchanges to Meet New Technology Regulations
» Owner of New York Stock Exchange Would Allow Potential Investors to Trade Bitcoin
» Minexcoin Announce Potential Breakthrough In Secure Crypto Atomic Swaps
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Smart Valor — The Future of Global Investments
» Jur — Resolving Legal Disputes with the Help of Smart Contracts
» CDRX — Blockchain Technology in the Traditional Securities Market
» NoahCoin as a Key to Borderless Facilities of Noah Project
» Iconiq Lab — New ICO Accelerator and Decentralized Investment Fund
» Raincheck — Global Bonus System and Loyalty Program on the Stellar Blockchain
» Clintex (Clinical Trials Intelligence) — Alternative Treatment of the Future
» Mobu ICO— The Future of Security Tokenization
» Codex Protocol — Blockchain-based Title Registry of Art and Collectibles
» INGOT Coin Develops An All-Inclusive Ecosystem to Bridge Markets, Revives Lost Demand
» Japan Has Announced New Five-Point Regulations for Cryptocurrency Exchanges
» Trivver — Blockchain-Based Extended Reality Ad Exchange
» OEL Foundation — Unified Logistics Blockchain Infrastructure
» Quadrant Protocol — Data Ecosystem With Authenticity And Provenance
» Pumapay Brings Crypto Payments into Daily Life, Raises $117 mln in Private Token Sale
» FlipNpik — Social Media for Local and Small Businesses based on XLM
» Japanese Bank MUFG Is Planning to Issue a Trial of Its Own Digital Currency
» Blockchain Enters Poland’s Financial Market, Namely the Credit Office
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain