London is the envy of the world as a financial centre, and we can maintain this status with digital assets

Published by
City AM

By Darren Parkin Despite the fact that so many of us are still eagerly awaiting the next stage of the important Financial Services and Markets Bill (we are currently between committee stage and report stage in the Lords) we have nonetheless had a busy week of FS debates in Westminster. The Treasury Select Committee has published a report calling for consumer trading in unbacked crypto to be regulated as gambling. The cross-party Committee of MPs report highlights that cryptocurrencies such as Bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of e…

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