Source · Select Committees · Treasury Committee
Recommendation 3
3
Paragraph: 36
Unclear future benefits of cryptoassets, but real risks to consumers and environment.
Conclusion
While we support financial innovation where there are potential benefits, the extent of the benefits cryptoasset technologies may bring to financial services in the future—and the areas in which the technologies may have the most impact— remains unclear. In the meantime, the risks posed by cryptoassets to consumers and the environment are real and present.
Paragraph Reference:
36
Government Response
A response document is linked to this report, dated 20 July 2023. Response attribution to this conclusion has not been verified. Read the response document ↗