Currencies
(asked on 30th October 2014) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will make an assessment of the ability of businesses using digital currencies to open a UK bank account.
This question was answered on 5th November 2014
On 3 November the Treasury published a Call for Information on digital currencies. This Call for Information asks whether there are currently barriers to digital currency businesses setting up in the UK, and will consider access to UK bank accounts as part of this.
In October, the Financial Conduct Authority launched its Innovation Hub to provide support to innovative businesses. It has identified helping innovators access bank accounts as an area of priority.