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@ The British Blockchain Association
2025-04-30 13:27:41
🇬🇧 Andrew Rosindell M.P. Shadow Parliamentary Under Secretary (Foreign, Commonwealth and Development Affairs) asked the Chancellor of the Exchequer, what steps she is taking with Cabinet colleagues to help ensure that the UK is competitive with overseas jurisdictions in relation to (a) crypto and (b) digital asset regulation.
🎤 Economic Secretary to the HM Treasury Emma Reynolds MP responded that HM Treasury is proceeding with plans to deliver a new financial services regulatory regime for cryptoassets as soon as practicable this year. This will support UK growth by giving cryptoasset firms the regulatory certainty needed to invest here, and drive innovation in our financial services sector.
In developing the regime, the Government has sought to strike the right balance between attracting business to the UK while facilitating the UK’s access to global markets. HM Treasury will publish full impact assessments alongside its final legislation.
The BBA is the UK's industry body advancing evidence-based adoption of #Blockchain and #Cryptoasset Technologies.
BBA is the Secretariat of the APPG on Blockchain Technologies.
#BBA #Blockchain #Crypto #UK
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