Bitcoin needs to be regulated by British MPs

Cryptographic assets are not under the jurisdiction of the British financial authorities and there are still no formal mechanisms that compensate investors in the event of financial damage.

Bitcoin and other cryptographic currencies are assets that expose investors to a considerable number of dangers and need to be adjusted as soon as some British MPs say on Wednesday.

During a parliamentary session, the Treasury Committee said there had been some reports of some customers who had found themselves vulnerable when involved in fraud schemes.

Cryptographic assets are not under the jurisdiction of the British financial authorities and there are still no formal mechanisms that compensate investors in the event of financial damage.

In 2017, the value of a bitcoin went up to $ 20,000, an increase of 900% since the beginning of the year.

As popularity began to decline from the end of last year, its price shrank, and today a bitcoin is estimated at $ 6,270.

This currency makes it possible to override banks and financial authorities. There were different voices in the attack but also defense of bitcoin.

Last year, JP Morgan’s chief executive officer stated that bitcoin is a fraud.

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