• UK lawmakers: 'Wild West' cryptocurrencies need regulation

    1 month ago - By Chron

    LONDON - British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the "Wild West."
    In a report on digital currencies published Wednesday, the Treasury Select Committee called for regulations to protect consumers and prevent money laundering.
    Lawmakers highlighted a rapidly emerging industry that's been troubled by wild price swings, allegations of fraud and worries it could be used to finance criminal or terrorist activity.
    Virtual currencies, also known as tokens, are electronic...
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