Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what steps she is taking to encourage more investment in the emerging blockchain gaming industry.

The Government’s ambition is to make the UK a global hub for cryptoasset technology and investment. In April 2022, the Government set out a number of reforms which will see the regulation and aspects of tax treatment of cryptoassets evolve.

The Government is committed to supporting the growth of the UK’s games sector. As part of a wider package to support the growth of the creative industries, the Government has committed to an £8 million expansion of the UK Games Fund. The UK Games Fund will continue to provide valuable support to early-stage games development and talented graduates throughout the UK. In addition, the Video Games Tax Relief continues to make the UK one of the leading destinations in the world for making video games.