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Enough ‘Feeble Warnings’, Regulate ‘Wild West’ Crypto Market: UK Lawmakers

Enough ‘Feeble Warnings’, Regulate ‘Wild West’ Crypto Market: UK Lawmakers

British lawmakers called for the regulation of the domestic cryptocurrency market which they claimed to be the “Wild West”, whilst insisting rules could help the UK become a “global centre for crypto-assets”. In a report published by the British Parliament’s Treasury Committee on Wednesday, lawmakers claimed investors are “afforded very little protection” from a number of risks including no formal recourse for consumer compensation.

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