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Britain May Ban Some Crypto Based Retail Financial Products

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Currently, according to representatives of the regulator, crypto-assets have enormous risks for investors and also contribute to the flourishing of the black market. For example, fraudsters actively and fairly successfully use cryptocurrencies to launder criminal proceeds, lawmakers say. 

The report sets out milestones for scrutinizing crypto-assets more closely.

The taskforce will publish a consultation paper by the end of the year on draft guidance to clarify which crypto-assets fall within and outside the existing regulatory “perimeter,” and whether the perimeter should be extended.



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