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Create a regulator for the cryptocurrency market in the UK

Submitted by Mahi Hussain on Sunday 27th June 2021

Published on Monday 5th July 2021

Current status: Closed

Closed: Wednesday 5th January 2022

Signatures: 14

Relevant Departments

Tagged with

board ~ FRAUD ~ market ~ technology ~ UK

Petition Action

Create a regulator for the cryptocurrency market in the UK

Petition Details

There should be a separate regulator for cryptocurrency market, with a board of people with experience in the cryptocurrency market, to define clear rules for the market.

Additional Information

The cryptocurrency market is now well established. It is decentralised so no one has any authority over it. As with any market, there are scammers and fraud but this should not define the cryptocurrency market. The technology behind cryptocurrency should not be underestimated. It is time for the UK government to recognise the legitimacy of the cryptocurrency market, by establishing a regulator that can protect the market and investors.


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