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To ask His Majesty’s Government whether they have revised their policy towards cryptocurrencies following the collapse of the cryptocurrency exchange FTX.
I thank the noble Lord for the response. The reason for my Question is that it emerged in April of this year that the Government wish to make the UK a global hub for cryptocurrency assets. The incoming head of the FCA regards crypto platforms as “deliberately evasive” and facilitating money laundering. That rather sounds like the circumstances underlying the FTX collapse. The head of...
The question is coming. He went on to say that public policy “needs to start with a realistic assessment of the economic value that flows from blockchain technology.” I assume that the Government have done the realistic assessment. What economic value have the Government detected within this technology?
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Entered the House of Lords on 28 March 2006
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