Question to the HM Treasury:

To ask His Majesty's Government what consideration they have given to approving retail access to cryptocurrency exchange traded products.

The question of approving exchange traded products (ETPs) that reference specific cryptoassets is a matter for the Financial Conduct Authority (FCA) as the independent regulator, working within its statutory objectives.

The FCA currently considers these products to be ill-suited for retail consumers due to risk of harm arising from the nature of the underlying assets and markets.

The FCA’s prohibition of crypto-referenced ETPs is subject to on-going review.