ChainCatcher news, reported by DL News, UK parliament members warn that the UK is falling behind in cryptocurrency regulation, which could lead consumers to turn to unregulated offshore providers. New joint chairs Gurinder Singh Josan and Edward Vaizey urge legislators to establish clear rules. Singh Josan stated that the government's failure to enact meaningful legislation could push businesses toward more favorable jurisdictions, and even lead consumer funds to flow into dubious schemes.