Blockchain
The question
To ask the Minister for the Cabinet Office, which Department is responsible for (a) leading on and (b) delivering blockchain technology.
Answered by Georgia Gould
The primary existing use-case for blockchain technology is in cryptoassets. The Treasury has confirmed government’s intention to proceed with a financial services regulatory regime for cryptoassets, which will provide valuable protections for consumers and give firms regulatory certainty along with the flexibility to innovate. Blockchain technology has broader use-cases, which are addressed by responsible departments.
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