Results 1–20 of 325 for crypto

Business and Trade: Topical Questions (23 Mar 2023)

Lisa Cameron: The crypto and digital assets all-party group has been informed, shockingly, that many businesses are struggling to even open a UK bank account. What support can be given to address that issue, and ensure that the UK remains an international hub for fintech innovation?

Silicon Valley Bank (13 Mar 2023)

Harriett Baldwin: ...that they were funding to put money into the bank as a condition for investment? Finally, given that other banks have collapsed in the US—other small banks, including one that specialised in crypto—does he think that crypto is in any way contributing to financial instability?

Previous Business – Commons: Select Committee (28 Feb 2023)

Treasury Committee: The crypto-asset industry. Oral evidence; 10:05 am – 12:15 pm; The Grimond Room, Portcullis House

Strikes (Minimum Service Levels) Bill - Second Reading (21 Feb 2023)

Lord Whitty: rejected by this House, if not the whole of it. I should have said that in addition to my declared interests, I am a veteran of the previous so-called winter of discontent. I was one of those crypto-Marxist officials with one of the unions involved at the time. I disagree with the noble Lord, Lord Dobbs, who is no longer in his place, on the history of that and the subsequent period....

Public Order Bill - Third Reading: Amendment 1 (21 Feb 2023)

Lord Anderson of Ipswich: ...collectively attracted 162 Cross-Bench votes, with only eight against. Of course, these Benches are only a small part of the House, but not one, I hope, that anyone would willingly confuse with a crypto-anarchist front. I believe that the Minister, with his own policing experience, will see the force of these views, and I ask him to convey that to his colleagues in the Commons. I hope...

Economic Crime and Corporate Transparency Bill - Second Reading (8 Feb 2023)

Lord Sharpe of Epsom: ...year, the SFO prosecuted Petrofac for Section 7 offences, which resulted in a £22 million confiscation order and a £47 million fine. The noble Lord, Lord Fox, was right to raise the recovery of crypto assets hosted overseas. The Government are aware that many crypto asset exchanges and custodian wallet providers have a digital-only presence or are domiciled outside of the UK. The Bill...

Digital Pound (7 Feb 2023)

Abena Oppong-Asare: will the Government be doing to put measures in place to protect against that? I now turn to some of the inconsistencies between today’s announcement and the Government’s wider approach to cryptocurrencies. As the Bank of England made clear in its statement yesterday, one of the potential benefits of a state-backed digital pound is that it would have intrinsic value and not be...

Written Answers — Treasury: Cryptocurrencies: Antisemitism (3 Feb 2023)

Andrew Griffith: Since January 2020 the FCA has been the Anti Money Laundering and Counter Terrorist Financing supervisor of UK cryptoasset activity. By maintaining a robust gateway for firms seeking to register for cryptoasset activity in the UK, we continue to reduce and prevent the financing of criminal and terrorist groups. The government’s ambition is for the UK to be home to the most open,...

Central Bank Digital Currencies (Economic Affairs Committee Report) - Motion to Take Note (2 Feb 2023)

Lord Tunnicliffe: ...CBDC—seems to stand up. The report speaks to the financial stability risk. On this Government’s watch, millions of British consumers’ savings have already been put at risk by the collapse of cryptocurrencies, and crypto-related scams have hit record levels. We have an amendment to the Financial Services and Markets Bill which would compel the Government to update their decade-old...

Written Answers — Treasury: Cryptocurrencies: Regulation (2 Feb 2023)

Darren Jones: To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the adequacy of regulation of crypto-currencies.

Non-domicile Tax Status (31 Jan 2023)

Nigel Mills: ...really work for a modern, mobile, dynamic economy where people can move money at the click of a finger through the internet. What is a UK-based asset and what is not? If I have just moved it into a crypto account held in Brazil, is that really a UK asset? What is my income on that? Is it in the UK that I have the tax or is it not? We need to have a thorough review of how all these rules...

Foreign, Commonwealth and Development Office: Topical Questions (31 Jan 2023)

Lisa Cameron: [R] As chair of the all-party parliamentary group for crypto and digital assets, I have been reading about the success of Oxfam’s UnBlocked Cash project. It uses blockchain technology to ensure the digital identity of recipients, and it has won the European Horizon prize and the World Summit award. What progress has the Department made on maximising UK aid reaching the most vulnerable via...

Economic Crime and Corporate Transparency Bill: Schedule 7 - Cryptoassets: civil recovery (25 Jan 2023)

...consult the Attorney General may be satisfied by consultation carried out before this section comes into force.” This amendment amends inserted section 303Z25 of the Proceeds of Crime Act 2002 (cryptoassets: codes of practice) to provide that certain preliminary steps in relation to the making of a code of practice under that section (for example, consulting on a draft code of practice)...

Cryptocurrency Regulation (25 Jan 2023)

Andrew Griffith: It is a pleasure to serve under your chairmanship, Ms McVey. I congratulate the hon. Member for East Kilbride, Strathaven and Lesmahagow (Dr Cameron) on securing this debate on crypto regulation, which follows the first debate on cryptoassets, led by her fellow party member the hon. Member for West Dunbartonshire (Martin Docherty-Hughes) in September last year. The hon. Lady is absolutely...

Written Answers — Ministry of Defence: National Security: Cybersecurity (20 Jan 2023)

Alex Chalk: The Joint Crypt Key Programme is formed of a series of components, each proceeding at different stages of the acquisition cycle. The concept phase referred to in question 49570 was for the Crypto Enabling Services component. This ended in June 2016.

Written Answers — Ministry of Defence: National Security: Cybersecurity (19 Jan 2023)

Alex Chalk: The Joint Crypt Key Programme is delivering incrementally, and in 2022 delivered modernised End Crypto Devices to the Navy, with new sovereign communications modes and improved cryptographic interoperability standards for future crypt devices. It is presently upgrading the military cryptographic key management infrastructure. The programme will continue to sustain and modernise Defence’s...

Written Answers — Treasury: Economic Growth (16 Jan 2023)

Andrew Griffith: The government’s ambition is to make the UK a global hub for cryptoasset technology and investment. In April 2022, the government set out a number of reforms which will see the regulation and aspects of tax treatment of cryptoassets evolve. This included confirming the intention to regulate cryptoassets known as stablecoins and to introduce a ‘financial market infrastructure sandbox’ to...

Financial Services and Markets Bill - Second Reading (10 Jan 2023)

Baroness Penn: ...for consumers, markets and firms. The Government continue to engage the regulator on its work here. On innovation more broadly, many noble Lords asked about the Government’s strategic approach to crypto assets. We are committed to creating a regulatory environment in which firms can innovate while crucially maintaining financial stability and regulatory standards, so that people can use...

Previous Business – Commons: Select Committee (10 Jan 2023)

Treasury Committee: The crypto-asset industry. Oral evidence; 9:30 am – 11:45 am; The Wilson Room, Portcullis House

Written Answers — Treasury: Cryptoassets (9 Jan 2023)

Jim Shannon: To ask the Chancellor of the Exchequer, what assessment he has made of the potential benefits of crypto (a) currencies and (b) assets to society.

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