UK parliamentary group opens inquiry into crypto industry 

The Crypto and Digital Assets All Party Parliamentary Group (APPG) said it has begun an inquiry into the UK crypto sector with the aim of producing a report and recommendations to share with the government.

The bipartisan group is made up of MPs and lords from the main political parties and acts as a forum for policymakers and the UK crypto sector in discussing the industry. 

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 group wants to hear from crypto operators, regulators, industry experts and government on the role of regulation, CBDCs, consumer protection and economic crime. It also plans to hold several evidence sessions in forthcoming 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 share its findings with the Treasury Select Committee in Parliament, which has announced its own inquiry into the sector. 

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.