Treasury Committee calls for regulation of 'Wild West' cryptocurrencies

Risk to retail investors

The Treasury Committee has called on the government and the Financial Conduct Authority (FCA) to take responsibility for the regulation of the cryptocurrency market, describing the "ambiguity" of their position as unsustainable.

In a report released on Wednesday (19 September), the Treasury Committee singled out the notable risk posed to retail investors by crypto-assets such as bitcoin, highlighting a lack of "inherent value",...