UK:
September Report Details UK Digital Currency Regulations
01 November 2018
Reed Smith (Worldwide)
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Last month (September 2018), the House of Commons Treasury
Committee issued a report on its inquiry into the
regulation of crypto-assets. The inquiry examined, amongst other
subjects, the role of digital currencies in the UK; the impact of
distributed ledger (blockchain) technology; and how these should be
regulated. The report recommends improvements to consumer and
anti-money laundering protections (AML) when
dealing in crypto-assets. The improvement will be achieved in part
by extending the Financial Services and Markets Act (Regulated
Activities) Order 2000 (RAO) to crypto-assets and
associated activities.
Read the full report on our sister site, the
Technology Law Dispatch.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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