Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps the Government is taking to promote the UK as a place for international investment in digital assets.

The government is taking a range of steps to promote digital asset adoption. This includes initiatives such as the recently announced Digital Gilt Instrument, or DIGIT, and the new Digital Securities Sandbox, which opened in September.

Innovation and technology is also one of our five core policy pillars in our Financial Services Growth and Competitiveness strategy, which forms part of the government’s wider industrial strategy.