Cryptocurrencies — Written Question

Question

Gregory Stafford

Conservative — Farnham and Bordon

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of the Bank of England’s proposed retail holding caps on stablecoins on (a) consumer financial freedoms, (b) the competitiveness of UK fintech an

Answer

Lucy Rigby

The Government recognises that facilitating stablecoin innovation is important for UK competitiveness, and continues to engage with the regulators, including the Bank of England, to ensure a coherent regulatory framework that works for businesses and cons...

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