Lawmakers in the UK have started to make assessments about the future of cryptocurrencies.
UK’s Finance Commission, cryptocurrencies to what extent it can replace traditional currencies He began to gather evidence.
During this 61-day process, in which the public can also participate, for cryptocurrencies What would be the most appropriate regulation? There are also related questions.
In a statement made on the official site, “The Finance Commission will examine the risks and opportunities arising from the use of cryptoassets, how they affect social participation, and evaluate what regulatory changes potentially need to be made in the future.” it said.
During its assessments, the Commission will look at the uses of crypto assets across the UK and how distributed ledger technology could impact financial institutions such as the central bank.
This review process is scheduled to continue until September 12.