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Understand Cryptocurrencies

Submitted on Sunday 4th February 2018

Rejected on Monday 12th February 2018

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Understand Cryptocurrencies

Petition Details

So called Cryptocurrencies are not magic. The technology is hyped but not particularly special. The government needs to understand them and to legislate appropriately. It needs to decide urgently if the participants are gambling, taking part in Ponzi schemes, trading or something else.

Additional Information

The intention of the petition is to help people understand where they stand in terms of risk, tax and liability in advance.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We're not sure exactly what you'd like the Government or Parliament to do. Petitions need to call on the Government or Parliament to take a specific action.

You could start a new petition explaining clearly what you would like the Government or Parliament to do. For example, you could start a new petition calling for a specific law that would cover your concerns about cryptocurrencies.

Have your say on this petition!

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