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The Treasury of Great Britain will study cryptocurrency



Today the UK Treasury has announced that it will investigate issues related to cryptocurrencies and blockchain technology.



22.Feb.18 1:01 PM
By Daria Zaytseva
Photo Toinnov.com

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The Treasury of Great Britain will study cryptocurrency

Launched by the Treasury Committee, the investigation will take several angles, including exploring the role of cryptocurrencies in the Great Britain, including potential "opportunities and risks" for consumers, the business community and government.

The potential impact of blockchain technology and distributed ledger technology on financial institutions and infrastructure is also under the magnifying glass, as well as the question of how to establish a regulatory balance between protecting consumers and businesses without stopping innovation. In particular, the inquiry will "carefully study the regulatory response" to to cryptocurrencies from the government, the Financial Conduct Authority and the Bank of England.

In a statement, Member of Parliament Nicky Morgan, who chairs the Treasury Committee, said the committee will consider the potential risks that cryptocurrencies may have, including price volatility, money laundering and cybercrime.




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