RE: Quiz time5 Nov 2023 17:33
The Investment Association, in their submission to the House of Commons committee, made this opening statement “…Naturally, any unregulated sector will be subject to abusive practices by bad actors and the NFT and wider cryptoasset sectors have proven to be a case in point... & enthusiasm seems to have waned more recently as valuations have fallen significantly and many NFTs are now described as worthless[2], causing losses and harm to many consumers. In this context, the UK regulatory authorities are understandably focused on risk mitigation and consumer protection.…”.