Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, which Department is responsible for (a) leading on and (b) delivering blockchain technology.

The primary existing use-case for blockchain technology is in cryptoassets. The Treasury has confirmed government’s intention to proceed with a financial services regulatory regime for cryptoassets, which will provide valuable protections for consumers and give firms regulatory certainty along with the flexibility to innovate. Blockchain technology has broader use-cases, which are addressed by responsible departments.