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A Labour government would not rush into developing regulations around bitcoin and digital currencies in general, Onwurah said. Instead, she advocated a wait-and-see approach to digital currency regulation to ensure innovation isn't stifled too early in the growth of the sector.
"It's a new and emerging market, I think you would be highly critical if we were to set out now exactly how the market should be regulated. Clearly, existing regulation applies," she said.
"It's a new and emerging market, I think you would be highly critical if we were to set out now exactly how the market should be regulated. Clearly, existing regulation applies," she said.
I like her way of thinking, but I don't trust anything politicians say. They have a habit of doing the exact opposite of what they say. I've got a feeling labour will get in so maybe we will see next year.
