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U.K. Must Hasten Crypto Rules to Win Business, Lobby Group Says

From bnnbloomberg.ca

Britain must speed up protections for cryptoassets that are exposing retail consumers to volatile markets, according to TheCityUK, a lobby group for the U.K. finance industry. Firms marketing crypto to consumers need to be authorized and regulated, the group said in a report on Monday, noting that nearly 10 million people in Britain owned digital assets this year, up 558% from 2018. A nimble and nuanced response will help attract more of the companies and transactions involved in the nascent asset class to London. “Government and regulators have an important part to play,” Miles Celic, Chief Executive Officer of ... (full story)

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