New UK Sheriff for “Wild West” Crypto-Assets?

October 10, 2018
Cryptocurrency and Blockchain Tracker

Summary

The House of Commons Treasury Committee (the “Committee”) recommended, in a report issued on 19 September 2018 (the “Report”), that the UK Government regulate what the Committee called the “Wild West” crypto-asset markets by regulating activities relating to each crypto-asset, rather than the crypto-asset itself.

The Committee’s Recommendation

The Committee recommended that the UK government regulate the crypto-asset markets in order to address the current ambiguity and continuing issues affecting the market. The Committee’s report highlights what the Committee views as key issues and the ways in which future regulation might address them.

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