Cryptocurrencies: Regulation — Written Question

Question

Mark Sewards

Labour — Leeds South West and Morley

To ask the Chancellor of the Exchequer, what recent assessment she has made of the adequacy of UK financial regulations in preventing hostile states, including Iran, from exploiting cryptocurrency platforms accessible in the United Kingdom to raise funds.

Answer

Lucy Rigby

The UK has a robust anti-money laundering, counter-terrorist financing and sanctions regime to counter hostile state activity.Cryptoassets are in scope of the UK’s Money Laundering and Terrorist Financing Regulations, which require regulated firms to appl...

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