• Market Cap: $1,147,582,248,408.18
  • 24h Vol: $39,538,817,544.19
  • BTC Dominance: 44.72%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

UK Treasury Committee opens inquiry into crypto industry

Jon Hartney by Jon Hartney
July 13, 2022
in Bitcoin, Blockchain, Business, Market
0
UK Treasury Committee opens inquiry into crypto industry
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT.

The Treasury Committee of the United Kingdom’s House of Commons has called on the public to submit evidence related to the role of crypto’s risks and opportunities.

In a Tuesday notice, the committee said it had opened an inquiry allowing people to write in about the role of crypto assets in the United Kingdom. The Treasury Committee said it would be exploring how the U.K. government, Financial Conduct Authority, or FCA, and Bank of England could balance regulation “to provide adequate protection for consumers and businesses without stifling innovation” as well how cryptocurrencies and distributed ledger technology could impact individuals, businesses, and financial institutions.

Related articles

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 2023
Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

June 8, 2023

The British public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament. Among the proffered questions included the opportunities and risks of a central bank digital currency from the Bank of England, what the U.K. government can learn from regulators and lawmakers addressing crypto in other countries, and the “environmental and resource intensity of using crypto-asset technology.”

“What impact could the use of crypto-assets have on social inclusion?” asked the committee. “Are the government and regulators suitably equipped to grasp the opportunities presented by crypto-assets, whilst at the same time mitigating against the risks? What opportunities and risks could the use of crypto-assets — including non-fungible tokens — pose for individuals, the economy, and the workings of both the public and private sectors?”

NEW INQUIRY

We’ve launched an inquiry on ‘The crypto-asset industry’

We’ll look at the potential risks and opportunities associated with the use of crypto-assets, among other things

Learn more and submit written evidence here https://t.co/kBwNc6346I pic.twitter.com/IidIqSWHuj

— Treasury Committee (@CommonsTreasury) July 13, 2022

The inquiry followed the government on July 5 requesting the public weigh in on taxation related to decentralized finance through crypto loans and staking. On Tuesday, deputy governor for financial stability at the Bank of England Jon Cunliffe also called for regulators to ​​“get on with the job” of incorporating crypto and blockchain into existing frameworks.

Related: Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?

A scandal around soon-to-be-former Prime Minister Boris Johnson has shaken up leadership among financial lawmakers and regulators in the United Kingdom. Chancellor of the Exchequer Rishi Sunak and economic secretary John Glen resigned in protest of the prime minister’s actions, but were later replaced with Nadhim Zahawi and Richard Fuller, respectively. Hong Kong Securities and Futures Commission CEO Ashley Alder will also become the next chair of the FCA starting in January 2023.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

by Jon Hartney
June 8, 2023
0

Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

by Jon Hartney
June 8, 2023
0

The US House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the

US federal court dismisses lawsuit against DeFi platform PoolTogether

US federal court dismisses lawsuit against DeFi platform PoolTogether

by Jon Hartney
June 8, 2023
0

The DeFi community funded the protocol's legal defense through a $14 million nonfungible token sale back in 2022

EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

by Jon Hartney
June 8, 2023
0

The largest European consumer rights group alleges crypto marketers on popular social networks use misleading

GameStop fires CEO Matt Furlong months after axing crypto push

GameStop fires CEO Matt Furlong months after axing crypto push

by Jon Hartney
June 8, 2023
0

The executive, once instrumental to the company’s NFT efforts, was “terminated” amid lackluster Q1 earnings

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 2023
Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

June 8, 2023
US federal court dismisses lawsuit against DeFi platform PoolTogether

US federal court dismisses lawsuit against DeFi platform PoolTogether

June 8, 2023
EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter

June 8, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • NFT platform Enjin forks Polkadot parachain Efinity to new mainnet June 8, 2023
  • Polygon Labs president testifies on democratizing the internet with Web3, blockchains June 8, 2023
  • US federal court dismisses lawsuit against DeFi platform PoolTogether June 8, 2023
  • EU watchdog targets crypto ads on Instagram, Youtube, TikTok, Twitter June 8, 2023
  • GameStop fires CEO Matt Furlong months after axing crypto push June 8, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,485.00-0.41%
  • ethereumEthereum(ETH)$1,845.36-0.64%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$262.43-3.72%
  • usd-coinUSD Coin(USDC)$1.000.05%
  • rippleXRP(XRP)$0.52-1.32%
  • staked-etherLido Staked Ether(STETH)$1,842.42-0.75%
  • cardanoCardano(ADA)$0.326813-3.37%
  • dogecoinDogecoin(DOGE)$0.0680970.14%
  • solanaSolana(SOL)$18.74-5.51%
  • matic-networkPolygon(MATIC)$0.78-1.58%
  • tronTRON(TRX)$0.0776950.50%
  • litecoinLitecoin(LTC)$88.03-1.75%
  • polkadotPolkadot(DOT)$5.01-2.15%
  • binance-usdBinance USD(BUSD)$1.00-0.13%
  • avalanche-2Avalanche(AVAX)$13.93-3.26%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.08%
  • daiDai(DAI)$1.000.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,546.00-0.13%
  • uniswapUniswap(UNI)$4.62-2.03%
  • leo-tokenLEO Token(LEO)$3.540.36%
  • chainlinkChainlink(LINK)$5.99-1.63%
  • cosmosCosmos Hub(ATOM)$9.55-4.13%
  • okbOKB(OKB)$44.49-1.35%
  • moneroMonero(XMR)$144.80-0.57%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.650.03%
  • ethereum-classicEthereum Classic(ETC)$16.97-1.08%
  • stellarStellar(XLM)$0.087142-2.00%
  • bitcoin-cashBitcoin Cash(BCH)$111.68-0.17%
  • true-usdTrueUSD(TUSD)$1.000.02%
  • lido-daoLido DAO(LDO)$2.19-7.08%
  • internet-computerInternet Computer(ICP)$4.16-3.32%
  • filecoinFilecoin(FIL)$4.13-3.75%
  • quant-networkQuant(QNT)$111.37-3.89%
  • AptosAptos(APT)$7.78-2.77%
  • crypto-com-chainCronos(CRO)$0.059455-0.38%
  • hedera-hashgraphHedera(HBAR)$0.048544-1.36%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-2.23%
  • vechainVeChain(VET)$0.017820-3.32%
  • nearNEAR Protocol(NEAR)$1.42-3.70%
  • apecoinApeCoin(APE)$2.91-1.46%
  • the-graphThe Graph(GRT)$0.113719-2.02%
  • paxos-standardPax Dollar(USDP)$1.000.37%
  • fraxFrax(FRAX)$1.00-0.05%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.891.13%
  • rocket-poolRocket Pool(RPL)$47.42-1.76%
  • the-sandboxThe Sandbox(SAND)$0.487639-4.23%
  • elrond-erd-2MultiversX(EGLD)$35.07-2.62%
  • algorandAlgorand(ALGO)$0.123363-7.03%
  • blockstackStacks(STX)$0.64-0.49%
  • optimismOptimism(OP)$1.37-2.44%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,980.03-0.71%
  • aaveAave(AAVE)$59.55-1.95%
  • render-tokenRender(RNDR)$2.24-3.43%
  • fantomFantom(FTM)$0.292311-1.98%
  • tezosTezos(XTZ)$0.84-2.74%
  • decentralandDecentraland(MANA)$0.419611-4.75%
  • theta-tokenTheta Network(THETA)$0.76-1.90%
  • usddUSDD(USDD)$1.00-0.06%
  • immutable-xImmutableX(IMX)$0.73-0.17%
  • axie-infinityAxie Infinity(AXS)$6.23-4.76%
  • BitDAOBitDAO(BIT)$0.482744-1.64%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.10%
  • radixRadix(XRD)$0.0672010.77%
  • havvenSynthetix Network(SNX)$2.12-4.23%
  • Bitget TokenBitget Token(BGB)$0.4818381.00%
  • kucoin-sharesKuCoin(KCS)$6.83-2.77%
  • flowFlow(FLOW)$0.63-4.17%
  • neoNEO(NEO)$9.01-2.79%
  • galaGALA(GALA)$0.026052-2.18%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • curve-dao-tokenCurve DAO(CRV)$0.76-2.99%
  • bitcoin-cash-svBitcoin SV(BSV)$30.25-0.77%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.11%
  • gatechain-tokenGate(GT)$4.09-0.77%
  • terra-lunaTerra Luna Classic(LUNC)$0.000097-0.57%
  • makerMaker(MKR)$629.20-0.28%
  • injective-protocolInjective(INJ)$6.86-4.08%
  • kavaKava(KAVA)$0.97-15.48%
  • klay-tokenKlaytn(KLAY)$0.166834-6.32%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.000001-0.04%
  • iotaIOTA(MIOTA)$0.180031-1.25%
  • pax-goldPAX Gold(PAXG)$1,922.04-0.58%
  • Tokenize XchangeTokenize Xchange(TKX)$6.13-2.85%
  • casper-networkCasper Network(CSPR)$0.0442120.35%
  • compound-ethercETH(CETH)$37.05-0.72%
  • conflux-tokenConflux(CFX)$0.230031-4.07%
  • tether-goldTether Gold(XAUT)$1,945.50-0.81%
  • xdce-crowd-saleXDC Network(XDC)$0.0344022.96%
  • chilizChiliz(CHZ)$0.087768-3.95%
  • PepePepe(PEPE)$0.000001-2.29%
  • huobi-tokenHuobi(HT)$2.85-1.16%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • gmxGMX(GMX)$51.25-2.31%
  • mina-protocolMina Protocol(MINA)$0.489868-2.66%