Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alun Cairns Excerpts
Tuesday 20th June 2023

(10 months, 3 weeks ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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We will always look at Labour policies, but they are normally not right.

Alun Cairns Portrait Alun Cairns (Vale of Glamorgan) (Con)
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Clear policy direction and a strong regulatory framework have led to the UK being the world’s leading centre in financial technology. Does my hon. Friend agree that the crypto industry offers the same opportunity for the UK to exploit?

Andrew Griffith Portrait Andrew Griffith
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My right hon. Friend is absolutely right. I was pleased to join him in a Westminster Hall debate about the regulation of the cryptoassets sector. I commend the work done in this House by the crypto and digital assets all-party parliamentary group. He might join me in welcoming the decision by Andreessen Horowitz, one of the world’s largest technology companies, to locate its only international office outside of San Francisco here in the UK and to run its 2024 cryptoassets school here.