Written Question·Treasury·UIN 98262

Cryptocurrencies: Regulation

Tabled: 8 December 2025

Answered: 12 December 2025

Question

Callum Anderson

To ask the Chancellor of the Exchequer, what discussions she has had with regulators on permitting multi-jurisdiction reserve models for pound sterling stablecoin issuance.

Answer

Lucy Rigby

The government is committed to making the UK a global hub for digital assets. It recognises the huge potential posed by tokenised asset innovation, and for stablecoins to support innovation in both retail payments and wholesale settlement. That is why the...

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