Cryptocurrencies

Treasury written question – answered on 6th November 2018.

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Photo of Adam Afriyie Adam Afriyie Conservative, Windsor

To ask the Chancellor of the Exchequer, with reference to Budget 2018 paragraph 4.26 on Cryptoassets Taskforce, if he will list those actions that will allow innovators to thrive in the cryptoasset sector.

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

The Cryptoassets Taskforce published its full report on Budget day. The report is available at: https://www.gov.uk/government/publications/cryptoassets-taskforce.

The Cryptoassets Taskforce sets out actions on page 48 to 49 that HM Treasury, the Financial Conduct Authority and the Bank of England will take to protect consumers, allow innovation to thrive, and maintain the UK’s international reputation as a safe and transparent place to do business in financial services, with high regulatory standards.

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