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Select Committee
techUK
 FRA0089 - Fraud

Written Evidence Apr. 25 2024

Inquiry: Fraud
Inquiry Status: Closed
Committee: Home Affairs Committee (Department: Home Office)

Found: These include investment scams especially in relation to blockchain and crypto.

Departmental Publication (Statistics)
Department for Science, Innovation & Technology

Apr. 25 2024

Source Page: Regulatory Horizons Council: the Future Regulation of Space Technologies
Document: (PDF)

Found: literature scan highlight curre nt focus areas for scientific research, including:  5G Networks  Blockchain

Departmental Publication (Guidance and Regulation)
Foreign, Commonwealth & Development Office

Apr. 24 2024

Source Page: UK Science and Innovation Network country snapshot: Malaysia
Document: (PDF)

Found: These roadmaps are Electrical and Electronics (E&E), National Blockchain Technology , Artificial Intelligence

Westminster Hall
Football Index Collapse: Lessons Learned - Wed 24 Apr 2024
Department for Business and Trade

Mentions:
1: Liz Twist (Lab - Blaydon) despite this platform allegedly being a crypto-based platform, there are no entries about it on the blockchain - Speech Link
2: Justin Madders (Lab - Ellesmere Port and Neston) represent the on-pitch performance of individual footballers…and are deployed as smart contracts on the blockchain - Speech Link
3: Barbara Keeley (Lab - Worsley and Eccles South) non-fungible tokens, but because KiX is a decentralised, autonomous organisation underpinned by the blockchain - Speech Link

Westminster Hall
Space Industry - Wed 24 Apr 2024
Department for Science, Innovation & Technology

Mentions:
1: Steve Double (Con - St Austell and Newquay) into the UK, with new offices in London and Cornwall, and just this month Space Ai, the Argentinian blockchain - Speech Link

Written Question
Cryptocurrencies and Blockchain
Tuesday 23rd April 2024

Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department has taken to support innovation in blockchain and cryptocurrency technologies while ensuring robust consumer protections.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

  1. The government is committed to creating a regulatory environment in the UK where firms can innovate, while crucially maintaining financial stability and clear regulatory standards.
  2. In line with this, the government has already brought cryptoassets into regulation for anti-money laundering and counter-terrorist financing, and financial promotions.
  3. As a result, the Financial Conduct Authority now regulates and supervises qualifying cryptoasset promotions, with the aim of improving consumers’ understanding of the risks and benefits associated with cryptoasset investments, and ensuring that cryptoasset promotions are held to the same high standards as for broader financial services.
  4. In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets.
Non-Departmental Publication (News and Communications)
Competition and Markets Authority

Apr. 18 2024

Source Page: The CMA at 10: Past reflections and a look ahead to the next decade of promoting competition and protecting consumers
Document: UK’s open banking regime has also been called ‘the envy of the European FinTech community’ (PDF)

Found: Automated Trust, combining Artificial Intelligence (AI), Blockchain and the Internet of Things (IoT

Select Committee
Centre for European Reform, Andrew Kurth LLP, and techUK

Oral Evidence Apr. 16 2024

Inquiry: UK-EU data adequacy
Inquiry Status: Closed
Committee: European Affairs Committee

Found: Similarly to blockchain biometrics, these are really complicated areas, and I am not sure that GDPR

Select Committee
SITA Advanced Travel Solutions Limited
 EBM0015 - Electronic border management systems

Written Evidence Apr. 16 2024

Inquiry: Electronic border management systems
Inquiry Status: Closed
Committee: Justice and Home Affairs Committee

Found: (DTC), Verifiable Credentials (VC) and trusted sharing ecosystems, which will utilise open source blockchain

Departmental Publication (News and Communications)
Foreign, Commonwealth & Development Office

Apr. 16 2024

Source Page: UK Government to tackle global financial corruption
Document: https://unctad.org/system/files/official-document/aldcafrica2020_en.pdf (PDF)

Found: Prototype software based on blockchain technology is also being developed to provide transparency of