U.K. lawmakers say cryptocurrencies urgently need regulation -- both to protect people from scams, and to position the country as a leader in the sector given its traditional role as a financial hub. Currencies like Bitcoin and most initial coin offerings are not covered by the U.K.’s Financial Conduct Authority, meaning investors in digital assets are typically not protected and have no opportunity for redress, the British Parliament’s Treasury Committee said in a report published Sept. 19. As a minimum, regulations should be introduced to protect consumers and counter money laundering, it said. “It’s unsustainable ... (full story)