Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to strengthen the United Kingdom’s regulatory framework for crypto assets to address risks arising from inconsistent international regulation.

The Government intends to bring forward legislation this year to create a comprehensive financial services regulatory regime for cryptoassets in the UK.

The UK also continues to engage with key international partners to respond to the global challenges and opportunities presented by digital asset innovation, including through fora such as the Financial Stability Board.