Press Room

6 Jun 2023

Dion Seymour comments on the APPG’s report calling for crypto regulation

Crypto Tax & Accounting Technical Director, Dion Seymour, comments on the Crypto Tax and Accounting All Party Parliamentary Group’s report calling for urgent regulation of crypto, in Accountancy Daily and Citywealth.

Dion’s comments were published in Accountancy Daily and Citywealth, 05 June 2023.

“The recent report into the regulation of the UK cryptoasset sector by the Treasury Committee created waves across the industry. Following swiftly after that report, the All Party Parliamentary Group (APPG) on cryptoassets has been released.

“The recommendations made by the APPG are more balanced, with the APPG recognising the opportunity to develop the cryptoasset industry in the UK. The APPG recognises the reality of cryptoassets: that to have consumer protection requires regulatory clarity – something that the industry has been asking for since 2018.

“Also, in the wake of high-profile collapses, there is work for cryptoasset firms to do to rebuild the trust of the regulators and the public. This could go some way to reduce the perception of economic harm that is often part of narratives surrounding cryptoassets.”

Dion Seymour

Dion is a Director with extensive experience in all aspects of the taxation of crypto assets. He was formerly the crypto asset policy and product owner at HMRC.

Email: Dion Seymour