Polygon and Others Respond to UK HM Treasury’s Crypto Regulations Consultation
DailyCoin
Published May 03, 2023 02:00PM ET
Polygon and Others Respond to UK HM Treasury’s Crypto Regulations Consultation
- Polygon Labs agreed with most points in the consultation.
- The company urged HM Treasury to “engage in additional study†before regulating crypto mining and validating.
- Binance and others have also responded to the consultation.
However, other countries have taken different paths. For example, the U.K. recently released a statement inviting crypto companies for consultation. Now, multiple firms have responded to it, including Polygon Labs.
Polygon Responds to U.K. HM Treasury’s Crypto Consultation/h2
Polygon Labs, the developer of the Ethereum Layer-2 scaling solution Polygon, has responded to the U.K. His Majesty Treasury’s Consultation and Call for Evidence regarding future crypto regulations.
In the response, Polygon Labs said it’s “broadly...
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