The UK is going to explore the crypto currency

The British inter-party committee announced the launch of a study of digital currencies and blocking technology.

The purpose of the Committee will be to identify opportunities and risks that can affect consumers, business and government of the country. According to the official statement, this initiative is connected with the growing popularity of crypto-currency among the population.

In addition, the Committee will need to understand whether the Government is in balance with the protection of the market and the support for innovation.

The Inter-Party Committee plans to study in depth the cryptology

According to the Chairman of the Committee, Nicky Morgan, people have become more interested in digital currencies, but they may not know that these assets are outside the jurisdiction of the UK government, so that crypto investors are almost not protected by law.

In the course of the study, the Inter-Party Committee plans to consult with experts on crypto-currencies and submit a report with recommendations on market regulation to the government of the United Kingdom, reports Reuters.

Earlier, Mark Carney, the head of the Bank of England, said that Bitcoin could not become a currency in the traditional sense, since it does not have the value or purchasing power inherent in them.

Author: Vasilisa Ming, Analyst Freedman Club Crypto News

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