UK parliamentary group stresses need for clear crypto rules

The new co-chairs of the UK's All-Party Parliamentary Group on Crypto and Digital Assets, Gurinder Singh Josan and Edward Vaizey, have emphasized to lawmakers the need for clear cryptocurrency rules. They warned that without a distinct regulatory framework, companies will relocate to other countries. Over the past several months, firms including Coinbase and Ripple have pointed out that the UK is lagging behind other regions in developing crypto regulations.