The Treasury Select Committee consists of MPs from both sides, its to begin an inquiry into digital currencies

  • Including the underlying distributed ledger technology
  • Will focus on the opportunities and risks posed to consumers, businesses and the government by the rising popularity of so-called cryptocurrencies, the committee said in a statement

Reuters with a little more:

  • "People are becoming increasingly aware of cryptocurrencies such as bitcoin, but they may not be aware that they are currently unregulated in the UK, and that there is no protection for individual investors," Nicky Morgan, chair of the Treasury Committee

Committee will take evidence then submit a report to the government containing recommendations on what to do (ADDED: here we go ... link for more)

While we're at it - BTC update: