Blockchain
The question
To ask the Chancellor of the Exchequer, whether he is working with the Financial Conduct Authority to ensure that its proposed approach to decentralised finance does not reduce innovation by restricting access to DeFi protocols.
Answered by Treasury
The Government's objective is to deliver a UK cryptoasset regime that appropriately balances the protection of consumers from detriment with a regulatory environment that supports innovation and growth. The Government continues its close engagement with the Financial Conduct Authority to that end.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →