Polygon and Others Respond to UK HM Treasury’s Crypto Regulations Consultation By DailyCoin

• 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.

“Regulation by force” has been the approach U.S. regulators have taken when regulating the crypto industry during the ongoing bear market.

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

Polygon Labs, the developer of the 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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