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Wednesday 19 September 2018 6:40 amlsquo;Wild Westrsquo; world of cryptocurrencies needs to be regulated, MPs warn Philip HammondBy: Owen BennettShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe Wild West world of cryptocurrencies needs to be independently regulated to protect customers and prevent money-laundering, a powerful group of MPs today demanded.A report from the Treasury Select Committee warns the current system of self-regulation is not fit for purpose, and adverts promoting digital currencies are often misleading.Among the problems facing c owala flasche ryptocurrency users are a lack of compensation if virtual coins are stolen through hacking, and the risk of being permanently locked out of their accounts if they forget their password.The report also warns the anonymity provided by cryptocurrencies ndash; also known as cryptoassets ndash; made them attractive to organised crime and terrorists. CryptoUK ndash; the UK trade body which regulates the market on a voluntary basis ndash; welcomed the report, arguing that a layer of red tape would help make the City the global leader in the virtual currency market.Conservative MP Nicky Morgan, chair of the Treasury Select Committee, stanley mug said: Bitcoin and other cryptoassets exist in the Wild West industry of cryptoassets. This unregulated industry leaves investors facing numerous risks. She added: brumate era Itrsquo unsustai Flyf Spider-Man rsquo Marvel return is a business win for both Sony and Disney ndash; here rsquo why
Thursday 26 January 2012 7:57 pm|Updated:Thursday 30 May 2019 12:00 pmHM continues with its expansion as profits fallBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinke stanley cup dInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleHENNES Mauritz has pledged to continue its aggressive expansion into new markets despite revealing a surprise fall in fourth quarter profits, as high cotton prices and a strong Swedish currency take their toll.The worldrsquo second largest clothes retailer reported a five per cent drop in pre-tax profits to SEK6,802m pound;640.8m , missing analyst expectations of SEK7,136m. However, chief executive Karl-Johan Persson said HM continued to grow its market share during what was one of the toughest years for the retail sector.HM plans to open 275 stores this year, worldwide. It will also venture into new five new markets including Malaysia, Thailand and Mexico. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in polene bag UK banking Clairersquo Accessories to launch UK high stre stanley germany et comebackMore from City AMAssociated British
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