6 years ago
'Wild West' Bitcoin 'should be regulated'
Bitcoin and other digital currencies are a "Wild West industry" and need to be regulated to protect investors, a committee of MPs has urged. Problems include volatile prices, minimal consumer protection and risks of hacking and money-laundering, says the Treasury Committee. The committee said there were no well-functioning crypto-currencies and preferred to call them "crypto-assets". It urged City watchdog the Financial Conduct Authority to supervise them.
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https://www.bbc.co.uk
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