Title: Blockchain Nears Peak Hype: UK Politicos To Probe Crypto-Coin
Hot on the heels of Bitcoin's dramatic rise and fall - and rise, British parliamentarians have decided to launch an inquiry into digital currencies.
The Treasury Committee, one of the more influential of the House of Commons' talking shops, today confirmed it will investigate the impact of cryptocurrencies and how they can be regulated.
[...] "Striking the right balance between regulating digital currencies to provide adequate protection for consumers and businesses, whilst not stifling innovation, is crucial."
[...] Many regulators and government bodies - from the European Commission to the US Securities and Exchange Commission - have made no secret of their disdain for Bitcoin.
[...] But the committee also plans to investigate the potential benefits of cryptocurrencies and the underlying distributed ledger technology, for instance in boosting security or disrupting the economy or work of the public sector.
(Score: 0) by Anonymous Coward on Monday February 26 2018, @07:13PM
Of course, that prohibition created organized crime on a continental scale, and then a global scale.
Governments can wreak havoc trying to control people, so don't be so smug.