Lisa Cameron Responds to the Treasury Select Committee Report on Fraud, Scams and Economic Crime
Lisa Cameron MP, Chair of the Crypto and Digital Assets APPG said:
“I welcome today’s report and its recommendations to protect consumers from fraud and scams. There can be no place for bad actors in the UK cryptoasset sector. We want to see a thriving, well regulated industry that enables the highest standards of consumer protection, and confidence for consumers that they are dealing with regulated firms. The report has highlighted delays in the registration of UK cryptoasset firms by the Financial Conduct Authority (FCA), and a number of firms are still awaiting registration. I’d like to see the FCA accelerate this as a priority so that we provide regulatory clarity, both for businesses themselves and for consumers.We need to see a balanced and proportionate approach to regulation of cryptoassets in the UK, that protects consumers without stifling innovation.”
