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British politicians set up crypto advisory group

Houses of Parliament A cross-party group of MPs and Lords in the UK parliament has been set up to cover the rapidly developing world of crypto and digital assets.

The All Party Parliamentary Group for UK Crypto and Digital Assets is designed to be a forum for discussing regulation and policy.

More specifically, it will look to address the challenge of devising a regulatory framework that allows for innovation and growth while also providing consumer protection and penalising fraud.

The group will be chaired by Lisa Cameron, a Scottish Nationalist Party member and former clinical psychologist.

"We must ensure that we have an appropriate regulatory framework in the UK which supports innovation and guarantees that the UK remains an attractive destination for innovative firms to set up and grow,” said Cameron.

“We will be looking at the work of the FCA in registering UK crypto firms so that customers are clear about which firms are regulated and which aren't but which also gives UK firms business certainty,” she added.

©2022 fundsTech

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