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British MPs: Clear Crypto Regulations Needed to Prevent Consumers Turning to Unregulated Offshore Providers
Summary: According to DL News, British parliament members have warned that the UK is lagging behind in crypto regulations, which could lead consumers to turn to unregulated offshore providers. Co-chairs Gurinder Singh Josan and Edward Vaizey are calling for lawmakers to establish clear rules. Singh Josan stated that the government's failure to pass meaningful legislation could ...
According to DL News, British parliament members have warned that the UK is lagging behind in crypto regulations, which could lead consumers to turn to unregulated offshore providers. Co-chairs Gurinder Singh Josan and Edward Vaizey are calling for lawmakers to establish clear rules. Singh Josan stated that the government's failure to pass meaningful legislation could push businesses to more crypto-friendly jurisdictions, and even result in consumer funds flowing to suspicious schemes.
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Link: British MPs: Clear Crypto Regulations Needed to Prevent Consumers Turning to Unregulated Offshore Providers [Copy]
