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Cryptocurrencies

HM Treasury written question – answered on 14th February 2018.

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Photo of Barry Sheerman Barry Sheerman Labour/Co-operative, Huddersfield

To ask Mr Chancellor of the Exchequer, if he will incorporate consumers who hold digital currencies into the provisions of the Consumer Protection Act 1987.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

As with all policies, the Government keeps its policy towards digital currencies under review. The Government recognises the significant benefits that digital currencies and the related technology could bring, as well as potential challenges. The Government is monitoring the situation, and believes any regulation should be proportionate and risk-based.

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