SCL: Digital Currencies Inquiry: "The House of Commons Treasury Select Committee has announced an inquiry into ‘digital currencies’.
The influential committee, chaired by Nicky Morgan MP, will look at the role of digital currencies in the UK, including the opportunities and risks that digital currencies may bring to consumers, businesses, and the Government.
It aims to examine the potential impact of distributed ledger technology—such as blockchain—on financial institutions, including the central bank, and financial infrastructure.
It will also scrutinise the regulatory response to digital currencies from the Government, the Financial Conduct Authority, and the Bank of England, and how regulation could be balanced to provide adequate protection for consumers and businesses without stifling innovation.
The Committee’s terms of reference are as follows"
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