Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department plans to bring forward legislative proposals on (a) crypto and (b) digital assets.

On 29 April, HM Treasury published draft legislation for the future financial services regulatory regime for cryptoassets. The Government intends to bring forward final legislation before the end of the year.

The Government’s approach seeks to strike the right balance between protecting consumers and giving firms regulatory certainty, while ensuring the sector has the space and flexibility to innovate.