Written Question·Treasury·UIN 15527

Cryptocurrencies

Tabled: 21 November 2024

Answered: 27 November 2024

Question

Mohammad Yasin

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of developing an investment programme in cryptocurrency.

Answer

Tulip Siddiq

The UK’s foreign currency assets are held in the Exchange Equalisation Account. These assets are managed in line with the following investment principles:Ensuring readiness to meet the policy requirements of the reservesLimiting risk and volatility to avo...

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