![]() ![]() ![]() By convention, the government must respond to the report within about two months of publication, but it’s not required to follow the recommendations.Īlso Read: Crypto craze: Memecoin frenzy boost Pepe coin price by 7000% ![]() “We are concerned that regulating retail trading and investment activity in unbacked cryptoassets as a financial service will create a ‘halo’ effect that leads consumers to believe that this activity is safer than it is, or protected when it is not," the report said.Īround 10% of UK adults hold or have held cryptoassets, the report said, citing data from HM Revenue & Customs. ![]()
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