Source: Crypto News
Cryptocurrency Market Soar: CryptoUK Suggest MPs to Support Regulations
The cryptocurrency market moves into the green today after CryptoUK suggested MPs to regulate the emerging market: CryptoUK, known as the self-regulatory body, has been urging the MPs to regulate the cryptocurrency market under the U.K.’s Financial Conduct Authority (FCA).
The UK government has recently formed a task force to scope out the pros and cons of cryptocurrency markets; they are also assigned to create a framework for possible rules and regulations. CryptoUK, in response to treasury task force, suggested a proposal for the reasonable regulation.
Their proposal suggests regulations on the areas that …
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