Copyright © 2017-2018 LHCrypto
All rights reserved.

Articles

The report of the British Cryptocurrency Commission was published

10/31/2018
|
  • England_cryptocurrency
Articles list

A consolidated commission of representatives from the Central Bank of England, the Office of Financial Supervision and the Treasury published a report on the prospects for cryptocurrencies. The document on 58 pages summarizes the study of the current state and prospects of the industry.

What happens to cryptocurrencies

According to the report, the initial concerns about the large-scale use of digital money by criminals did not materialize. The shadow sector has shown minimal interest in new technologies, but such risks remain in the future.

At the same time, thanks to the blockchain, prospects for the development of the financial and other sectors of the economy are improving. Already, the technologies used here have improved the dynamics of business development. It is reported that the country's leadership will encourage the emergence of new directions in the study and application of cryptocurrency assets.

It is noted that now the state bodies do not hinder the circulation of digital coins, but in the future, it is necessary to increase the awareness of citizens. To this end, it is planned to issue detailed instructions for taxpayers. In addition, it is necessary to work in the following areas:

  • monitoring of potential threats;
  • improvement of legislation;
  • creation of rules for the primary placement of tokens;
  • fight against criminal manifestations.

In general, the tone of the report is positive for the cryptocurrency market. The commission members are confident that the blockchain gives an additional impetus to the development of the national economy. Therefore, measures are required to encourage such activities. Its appearance in the legal field will increase the potential use of cryptocurrencies and make the market more transparent.

Despite the risks of technology imperfections, the dynamics speak of the vast possibilities for using cryptocurrencies. And not only in financial, but also in other industries.

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.