Answer from Hansard

Dan Jarvis

I am very grateful to my hon. Friend for the work that he does in co-chairing the crypto and digital assets all-party parliamentary group. Financial services are integral to our mission for economic growth, and we are absolutely committed to creating the right conditions for a vibrant, competitive and innovative financial services sector. That is why the Government are proceeding with proposals to create a new financial services regulatory regime for cryptoassets.