The UK government ’s Cryptoasset Taskforce has submitted proposed measures for bringing cryptocurrencies and distributed ledger systems into the regulatory framework . The group said it requires time to examine how the tokens and wallet ##s can be used , and what risks they pose . It has committed to establishing which crypto - assets come in the existing regulatory perimeter , and whether this needs adjusting for ones with similar risks to specified investments , by the end of 2018 . A consultation on prohibiting related derivatives is planned for Q1 2019 , while dealing with illegal trading of crypto - assets is of high priority .
The UK government’s Cryptoasset Taskforce has submitted proposed measures for bringing cryptocurrencies and distributed ledger technology into the regulatory framework. The group said it requires time to examine how exchange tokens and wallet providers can be controlled, and what risks cryptocurrencies pose. It has committed to establishing which crypto-assets come in the existing regulatory perimeter, and whether this needs adjusting for ones with similar features to specified investments, by the end of 2018. A consultation on prohibiting related derivatives is planned for Q1 2019, while dealing with illegal use of crypto-assets is of high priority.