Cryptocurrencies: Regulation
The question
To ask the Chancellor of the Exchequer, what steps are being taken to regulate cryptocurrency investment.
Answered by Rachel Blake
The Government legislated in February of this year to establish a financial services regulatory regime for cryptoassets, requiring firms to be authorised by the Financial Conduct Authority for providing relevant cryptoasset services in or to the UK. This built on previous regulatory interventions on cryptoasset money laundering and financial promotions.
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