Member

Let us not forget that our economy thrives on trust: in the rule of law; in honest business practices; and in our commitment to fairness. We remain resolute in ensuring that the United Kingdom remains a global leader in financial probity and a nation where enterprise is conducted transparently and crime finds no quarter. Clamping down on the misuse and criminal use of crypto assets is an essential part of this process; the Government are right to bring forward regulations such as these. Can the Minister outline roughly how many people he expects to receive custodial sentences as a result of these amendments to the regulations? Can he also comment on how this policy fits with the other measures that the Government are bringing in, in relation to the classification of crypto assets as property, through the relevant digital property Bill?