Oral Answers to Questions

Gurinder Singh Josan Excerpts

Thursday 23rd October 2025 Commons Chamber

[Darren Jones]

The Government take seriously the risk of climate change and the risk it poses to national security. That is why we are taking action to mitigate that risk and to reduce our carbon emissions. As the hon. Lady will know, we publish the outcomes of routine assessments done by the Government in relation to the national risk register on gov.uk, and that will continue to be the case.

[Gurinder Singh Josan (Smethwick) (Lab)]

T3. Cryptocurrencies and digital assets are held by an increasing number of UK citizens—over 8 million people, according to recent figures—and the UK has the potential to be a world leader in this field, supporting our growth mission. Can the Minister detail what steps he has taken to ensure that we rapidly put in place a regulatory regime that gives confidence to the industry to develop and to companies to be based in the UK, while providing protection for consumers?

[Dan Jarvis]

I am very grateful to my hon. Friend for the work that he does in co-chairing the crypto and digital assets all-party parliamentary group. Financial services are integral to our mission for economic growth, and we are absolutely committed to creating the right conditions for a vibrant, competitive and innovative financial services sector. That is why the Government are proceeding with proposals to create a new financial services regulatory regime for cryptoassets.