Many regulatory agencies are investigating the cryptocurrency industry. A cross-party parliamentary group in the UK is investigating the local crypto industry to determine the status of current regulations and the path forward. The UK Parliamentary Group said in a statement that the Crypto and Digital Assets All-Party Parliamentary Group (APPG) would like to produce a report with policy recommendations.
Research Into The Crypto Industry From The UK Parliamentary Group
Cryptocurrencies are perhaps one of the most curious and researched topics lately. The UK Parliamentary Group has also been among those researching cryptocurrencies.
According to the news, The group seeks input from industry experts, crypto service providers, regulators, and government members on various issues including the UK’sUK’s current approach to regulators and the potential of central bank digital currencies. (CBDCs).
Scottish National Party MP and head of the group, Lisa Cameron, used the following statements on the subject:
“It’s vital that the UK does not step off the gas and that the government and regulators keep their commitments when it comes to crypto and digital assets.”