Home Finance Polygon and Others Reply to UK Treasury HM Crypto Regulation Session

Polygon and Others Reply to UK Treasury HM Crypto Regulation Session

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Polygon and Others Reply to UK Treasury HM Crypto Regulation Session
  • Polygon Labs agreed with many of the factors within the session.
  • The corporate has urged HM Treasury to “have interaction in additional examine” earlier than regulating crypto mining and validation.
  • Binance and others additionally responded to the session.

“Regulation by pressure” has been the method taken by US regulators to manage the crypto business through the ongoing bear market.

Nonetheless, different nations have taken totally different paths. For instance, the UK lately issued an announcement inviting crypto corporations to seek the advice of. Now a number of corporations have responded to it, together with Polygon Labs.

Polygon Responds to UK Treasury HM Crypto Session

Polygon Labs, the developer of the Polygon layer 2 scaling answer, has responded to Her Majesty the UK Treasury’s session and name for proof relating to future crypto laws.

Within the response, Polygon Labs stated it was “largely…

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