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Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.
Notably, Harriett Baldwin MP, Chair of the Treasury Committee, stated that cryptocurrencies had “no intrinsic value, huge price volatility, and no discernible social…
Proposals to reimburse victims of bank transfer scams are fundamentally flawed, according to the Treasury Committee.
The chair of the Commons Treasury Committee, Conservative MP Harriett Baldwin, added, “I think on this side of the House we all agree that the way to sustainable economic growth without inflation is through business investment.
The Treasury Committee of MPs has previously criticised the "cliff-edge" of payment criteria, with those just outside the eligibility requirements missing out on hundreds of pounds of support when compared with those just inside the requirements.
Source: https://www.bbc.co.uk/news/business-65352703?at_medium=RSS&at_campaign=KARANGA
“We are in the middle of an inquiry into crypto regulation and these statistics have not disabused us of the impression that parts of this industry are a ‘Wild West’”, MP Harriett Baldwin, chair of the Treasury Committee, warned.