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 . The Taskforce has committed to a number of actions, including consulting on: The proposal are likely to dampen the uptake of Initial Coin Offerings in the short-term while investors await the regulatory shakedown. 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 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 .