This petition was submitted during the 2017-2019 parliament
Rejected petition Understand Cryptocurrencies
So called Cryptocurrencies are not magic. The technology is hyped but not particularly special. The government needs to understand them and to legislate appropriately. It needs to decide urgently if the participants are gambling, taking part in Ponzi schemes, trading or something else.
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The intention of the petition is to help people understand where they stand in terms of risk, tax and liability in advance.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
We're not sure exactly what you'd like the Government or Parliament to do. Petitions need to call on the Government or Parliament to take a specific action.
You could start a new petition explaining clearly what you would like the Government or Parliament to do. For example, you could start a new petition calling for a specific law that would cover your concerns about cryptocurrencies.
We only reject petitions that don’t meet the petition standards.