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 | <a href="/blogs/bloggers/omar-rahim.aspx">Omar Rahim</a>

UK government launching a crypto ‘task force’

12 Apr, 2018 | Omar Rahim

The news that the UK Government is Launching a Crypto 'Task Force' is a positive sign for crypto currencies in the UK.

UK government launching a crypto ‘task force’

It is important that the UK government is recognising the opportunities offered by crypto assets and not just the risks. 

The simple fact is we need greater regulation at this stage. Everybody who believes in cryptocurrencies agrees that we need regulation to move forwards - nobody wants this to be the Wild West anymore. With regulation comes much needed stability.

Cryptocurrencies already have millions of people invested and they certainly are not going away. Its important to remember that the first Bitcoin was mined only nine years ago, so we’re still in the early stages of the technology as a whole.

The fact that this initiative will help U.K. businesses manage the risks around Cryptoassets, as well as harnessing the potential benefits of the underlying blockchain technology, means that the UK is moving in the right direction to position itself as a world leader in cryptocurrency accessibility, integration and blockchain adoption, particularly important in a post Brexit world.

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