Time to regulate bitcoin, says Treasury committee report

MPs in UK say 'wild west' cryptocurrency industry is leaving investors vulnerable

Bitcoin and other cryptocurrencies are "wild west" assets that expose investors to a litany of risks and are in urgent need of regulation, MPs on the Treasury select committee have said.

The committee said in a report that consumers were left unprotected from an unregulated industry that aided money laundering, while the government and regulators "bumble along" and fail to take action.