Polygon and others reply to UK HM Treasury session on cryptocurrency rules

• Polygon Labs agreed with most factors of the session.
• The corporate referred to as on HM Treasury to “have interaction in additional investigation” earlier than regulating cryptocurrency mining and validation.
• Binance and others additionally responded to the session.

“Regulation by power” has been the method US regulators have taken to control the cryptocurrency business through the ongoing bear market.

However different nations have taken completely different paths. For instance, the UK lately issued an announcement inviting cryptocurrency firms to seek the advice of. A number of firms have now responded, together with Polygon Labs.

Polygon responds to UK HM Treasury session on cryptocurrencies

Polygon Labs, developer of the Layer-2 scaling answer Polygon, has responded to a UK HM Treasury session and name for proof on future cryptocurrency rules.

In response, Polygon Labs stated it was “broadly…

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