UK MPs to hold first session of crypto-assets inquiry
The UK Treasury Committee will hold the first session of its inquiry into the crypto-asset industry at 3.15pm on Monday 14 November.
In a session with experts, MPs are likely to explore subjects including the volatility of crypto products, stablecoins, whether further regulation is needed in the sector, and the role of the Financial Conduct Authority (FCA) in this area.
Other likely topics of discussions include the implications of introducing a central bank digital currency, the taxation of crypto-assets, and the environmental impacts of crypto.
The list of witnesses includes:
- Susan Friedman, Head of Policy at Ripple
- Ian Taylor, Executive Director at CryptoUK
- Daniel Trinder, Vice President Government Affairs, Europe and MENA at Binance
- Alexander Royle, Head of Compliance and Regulatory Affairs, EMEA at Galaxy Digital
The UK Treasury Committee launched an inquiry into crypto-assets in July 2022. In the inquiry, the Committee explores the role of crypto-assets in the UK, as well as the opportunities and risks they bring to consumers and businesses.
The Committee requested written evidence submissions which examine whether crypto currencies are likely to replace traditional currencies, what opportunities and risks the use of crypto-assets pose for individuals and the economy, and their impact on social inclusion.
MPs also seek to explore how regulation could be balanced to provide protection for consumers without stifling innovation.