The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate.
According to the statement, the inquiry will highlight various areas of engagement with crypto and digital asset space. This includes the U.K.’s current approach to regulations, plans to bolster the country’s crypto investment, central bank digital currencies (CBDCs), potential risks and the role of local regulators such as the Financial Conduct Authority (FCA) and the Bank of England.
The new inquiry comes at the heels of the U.K.’s Treasury Committee also opening an inquiry into the crypto industry.
Lisa Cameron, MP and chair of the Crypto and Digital Assets