On February 22, 2018, the House of Commons Treasury Committee launched an inquiry into digital currencies and distributed ledger technology in the U.K. The inquiry will consider the risks and opportunities of digital currencies for consumers, businesses and the Government as well as the impact of DLT on financial institutions, financial market infrastructure and the central bank. The regulatory response of the Bank of England and the FCA in relation to anti-money laundering legislation will also be assessed against the need to ensure the protection of consumers without repressing innovation.
The announcement is available at: http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/news-parliament-2017/digital-currencies-17-19/.
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.