Cryptocurrencies
The question
To ask the Chancellor of the Exchequer, whether she has had discussions with Cabinet colleagues on managing seized cryptocurrency assets as long-term strategic holdings rather than liquidating them.
Answered by Lucy Rigby
As per responses from my predecessor, the Proceeds of Crime Act provides a clear process for the management and realisation of seized assets, while the UK's official reserves are governed by established investment principles. There are currently no plans to amend either framework or to commission a review into the potential role of Bitcoin and other digital assets as reserve assets or in a wider financial strategy.
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