The UK Parliament Is to Investigate Bitcoin Risks

Former Minister of education and Treasury chairman in the British Parliament Nicky Morgan claimed that legislative body will start an investigation to find out how serious is the risk that investors face because of bitcoin and other virtual currencies, reports Standard.

“We intend to thoroughly study the crypto-currency industry. We have some concerns … The UK Financial Supervision Authority and the Bank of England have already stated that bitcoin investors should be fully aware of the risks that could potentially lead to the loss of all invested capital”, Morgan said.

Morgan admits the necessity for introduction of technological innovations and believes that the UK must have the leading role in global progress, however she is sure that a probable collapse of cryptocurrency market is a serious danger for many people.

“For many people, investing in crypto-currencies can be a fatal mistake, and we do not want to admit it”, the parliamentarian added.

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