ARTICLE · 01 NOVEMBER 2018

September Report Details UK Digital Currency Regulations

Reed Smith (Worldwide)

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Last month, the House of Commons Treasury Committee issued a report on its inquiry into the regulation of crypto-assets

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Howard Womersley Smith

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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.

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