Crypto Industry a Disaster in Need of Rebranding, UK Lawmaker Says

The crypto industry is “a complete disaster” at the moment, said Godfrey John Bewicke-Copley, a member of the House of Lords, at an All-Party Parliamentary Group meeting on Wednesday.“Please, if we are going forward, let's not call it crypto anymore. Please, don't call it criminal money. Just call it digital currency or something. Just ditch the crypto,” he said.

Bewicke-Copley – whose official title is Lord Cromwell – said the crypto industry needs to work to get regulators on board, and may need to do some rebranding.. Cromwell, a member of the Parliament’s upper chamber, said that U.K. regulators like the Financial Conduct Authority are dealing with a tough landscape, and “so all this initial talk about this is a great opportunity and we want to be the center for it, that may be guff that politicians give you.

camomileshumba I'm fine with 'crypto' but the term 'cryptocurrency' creates confusion particularly to those from the outside looking in

camomileshumba I am so grateful that you show us their private pics, because this means that they will eventually get exposed. This cyber expert has done more good than harm to the society CyrilpaybackExp

camomileshumba U.K. should just rebrand itself.

camomileshumba crypto = shitcoin bitcoin = freedom

camomileshumba Did the stockmarket rebrand after every colapse and wolf on wallstreet wannabe? Nope some gave up and others picked up and carried on.

camomileshumba Here we go another another dinosaur pushing CBDCs.

camomileshumba How many times should UK rebrand? 😂

camomileshumba Crypto is fine. The crypto manipulators are trying havoc on it.

camomileshumba Rebrand to more controlled centralised system so they can do the whole ponzi banking system over again.

camomileshumba 😂 rebrand? They have no knowledge of crypto and yet they make stupid remarks about it

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dogecoin Surprises Crypto Investors: Crypto Market Review, Nov. 30$DOGE has been one of the most active digital assets on the market, and it's not stopping despite the lack of volume on the crypto market
Source: Utoday_en - 🏆 295. / 63 Read more »

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges – Exchanges Bitcoin NewsCryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. Don't you think this deserves a mention 👀 'Bull Markets make stupid investors look smart. Bear Markets turn the stupid investors into losers and smart investors into winners.'Markets are crashing. Time for smart investors to become very rich winners. Reach out to Crypto_OReilly to learn financial freedom. Jasmy 🚀🚀🚀
Source: BTCTN - 🏆 531. / 51 Read more »

How the crypto hiring landscape is responding to industry layoffsIn this episode of The Scoop, Rob Paone — founder and CEO of crypto recruiting firm Proof of Talent — shares his perspective on how the crypto hiring landscape has changed during the bear market.
Source: TheBlock__ - 🏆 464. / 53 Read more »