MPs launch inquiry into digital currencies amid cybercrime fears

Scrutiny is needed to examine risks for investors, says Treasury committee chair Nicky Morgan

A powerful committee of MPs is launching an inquiry into bitcoin and other digital currencies over fears that cryptocurrencies could lead to increased “market volatility, money laundering and cybercrime”.

The Treasury select committee said the inquiry would “examine the potential impact of distributed ledger technology – such as blockchain – on financial institutions, including the central bank, and financial infrastructure”.

Related: Bitcoin: is it a bubble waiting to burst or a good investment?

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