UK payment system regulator is studying distributed ledger technology, exploring how to regulate the crypto industry

According to CoinDesk, Nick Davey, a payment expert at the British Payment System Regulator (PSR), said that PSR is exploring how to regulate the encryption industry, starting with research on distributed ledger technology. PSR will study how people access the payment system and what products and services it will provide. and what steps to take to prevent fraud. Foresight News noted that the British Parliament is currently considering the proposed encryption regulation bill "Financial Services and Markets Act". Once the bill is passed, PSR will have the power to supervise cryptocurrencies used for payment.