Written Question·Treasury·UIN 60726

Cryptocurrencies

Tabled: 17 June 2025
Answered: 24 June 2025

Question

Sarah Gibson

Liberal DemocratChippenham

To ask the Chancellor of the Exchequer, what recent steps her Department has taken to strengthen consumer protection in relation to investments in unbacked cryptocurrencies.

Answer

Emma Reynolds
Since January 2020, certain cryptoasset firms have been required to register with the Financial Conduct Authority (FCA) under the UK’s Money Laundering and Terrorist Financing Regulations (MLRs). To date, 51 cryptoasset firms have been registered with the...

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