Britain should strengthen controls cryptosphere to protect investors. This was stated by the members of the Special Committee of the British Treasury. According to The Guardian, The report of the Committee of cryptocurrencies compared with Wild West.
The authors of the report say the high risk for investors, the risk of money laundering and the financing of crime. The members of the Committee claim that the government engaged in "unclear" and accused it of inaction in the time, as consumers feel "vulnerable" in the context of high price volatility and the vulnerability of exchanges to the attacks. Current situation there called ending.
Now the UK is in the top 10 most friendly countries towards cryptocurrencies. This state has not yet made a clear regulation of the new industry. In the country while exploring the use of digital assets, however, there were rumors of plans to release its own virtual money.
In July the British government together with the United States, Australia, Canada and the Netherlands formed an Alliance to fight against crimes in this area. Then, it was reported that London is going to introduce in the legal system the possibility of using smart contracts.