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Digital Assets: Regulation

Asked by Mark GarnierConservativeTreasuryTabled Answered 11 December 2024UIN 17794

The question

To ask the Chancellor of the Exchequer, whether her Department has had discussions with the Financial Conduct Authority on regulation of digital assets.

Answered by Tulip Siddiq

HM Treasury works closely with the regulators, including the Financial Conduct Authority, on digital assets regulation. This includes the recent opening of the Digital Securities Sandbox, legislated for by HM Treasury and jointly operated by the Bank of England and the Financial Conduct Authority, and the forthcoming regulatory regime for cryptoassets.

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