Written Question·Treasury·UIN 30772
Cryptocurrencies: Regulation
Tabled: 11 February 2025
Answered: 18 February 2025
Question
Steve Darling
Liberal Democrat — Torbay
To ask the Chancellor of the Exchequer, what steps her Department is taking to regulate cryptocurrency exchanges to prevent their use in financial crime.
Answer
Emma ReynoldsCryptoassets, specifically cryptoasset exchange providers and custodian wallet providers have been regulated under the Money Laundering and Terrorist Financing Regulations 2017 (MLRs) since January 2020. The MLRs require UK cryptoasset firms to register w...
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