Why does UK Treasury want to remove blockchain from crypto definition?

Be the First to Comment Read

Why does UK Treasury want to remove blockchain from crypto definition?

A recent report by Her Majesty's Treasury entitled 'Crypto asset promotions: Consultation response' has suggested not defining crypto around blockchain, with the reasoning that while it’s the underlying technology of crypto assets, this may change as the industry evolves in the future.

* The government has proposed omitting the phrase ‘Distributed Ledger Technology’ when defining crypto. The report claimed that this will future-proof the concept for innovations in the technology behind the digital currency. 

Disclaimer

Speak your Mind