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Industry Giants Back Crypto To Push Through Growing Pains

The influential UK-based Electronic Money Association (EMA) has told an inquiry into cryptocurrencies that regulators should give the technology room to grow, resisting scathing criticism from other respondents.

In its response to an inquiry launched earlier this year by HM Treasury, the association said that cryptocurrencies and their underlying distributed ledger technology (DLT) could bring potentially limitless innovation to the fund transfer sector.

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