Distributed Ledger Technology: Economic Situation
The question
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential economic impact of blockchain and distributed ledger technologies in the UK.
Answered by Rachel Blake
The Government recognises that distributed ledger technologies have the potential to transform financial markets in support of economic growth. The Government has a stated ambition to make the UK a global destination for digital assets, and is taking forward significant reforms in capital markets, payments, and cryptoasset regulation to support blockchain innovation in financial services.
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