Written Question·Treasury·UIN 50486

Cryptoassets: Regulation

Tabled: 7 May 2025
Answered: 14 May 2025
Named Day

Question

Mark Garnier

ConservativeWyre Forest

To ask the Chancellor of the Exchequer, what assessment she has made of the readiness of the Financial Conduct Authority to (a) implement and (b) enforce the proposed regulatory regime for cryptoassets by the proposed commencement date.

Answer

Emma Reynolds
HM Treasury has engaged closely with the Financial Conduct Authority in developing the future financial services regulatory regime for cryptoassets and the FCA published its discussion paper shortly after HM Treasury published its draft legislation. The F...

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