UK Parliamentary Group Starts An Investigation Into The Crypto Market

The UK’s crypto industry is the subject of an investigation by the Crypto and Digital Assets All Party Parliamentary Group (APPG), which plans to produce a report and make recommendations to the government.

The bipartisan group serves as a venue for policymakers and the UK crypto sector to debate the market. Its members are MPs and lords from the major political parties.

UK crypto and digital assets

The inquiry will focus on key policy issues concerning UK crypto and digital assets, with written submissions accepted until Sept. 5, the APPG said in a news release. 

The committee is interested in hearing opinions on the role of regulation, CBDCs, consumer protection, and economic crime from crypto operators, regulators, industry experts, and the government. Additionally, it has several evidence sessions scheduled for the upcoming months.

MP Lisa Cameron, chair of APPG, said:

“It’s vital that the UK does not take its foot off the gas and that government and regulators keep to their commitments when it comes to crypto and digital assets.”

The group will also provide its findings to Parliament’s Treasury Select Committee, which has announced its own investigation into the industry.

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