[UK MPs: Clear Crypto Regulations Needed to Prevent Consumers from Turning to Unregulated Offshore Providers] According to a report by Jinse Finance, citing DL News, members of the UK Parliament have warned that the UK is lagging behind in crypto regulations, which could lead consumers to unregulated offshore providers. Newly appointed co-chairs Gurinder Singh Josan and Edward Vaizey have called on lawmakers to establish clear rules. Singh Josan stated that the government's failure to pass meaningful legislation could push businesses toward more crypto-friendly jurisdictions and even result in consumer funds flowing into questionable schemes.