CryptoUK strongly rejects Treasury Select Committee’s crypto ‘gambling’ claim – CryptoUK response to the TSC statement
Following the statement issued by the Treasury Select Committee noting that: 'Unbacked cryptoassets have no intrinsic value, and their price volatility exposes consumers to the potential for substantial gains or losses, while serving no useful socia
“We look forward to discussing the positive impact a UK central bank digital currency (CBDC) could have on financial inclusion, stability and operational efficiency in an increasingly cashless society with policymakers and regulators."
CryptoUK welcomes His Majesty’s Treasury’s cryptoasset regulatory regime consultation paper and financial promotion exemption plans
“As the crypto industry trade body, our Regulation Working Group will be crafting a unified and detailed response to the consultation paper. We will continue to work with regulators, including HMT, the FCA and the Advertising Standards Agency
The UK has a prime opportunity to further strengthen its leadership position in financial services. This drive forward will require a public-private joined-up effort and articulating a fit-for-purpose regime.
'I will focus on ensuring that UK policymakers and regulators are equipped with the necessary knowledge and tools to allow for a smooth & swift maturing of innovations.'