Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assesment he has made of the potential risks to the UK economy and markets posed by Bitcoin and other digital currencies.

The independent Financial Policy Committee (FPC), established by the Government, aims to ensure the UK financial system is resilient to, and prepared for, the wide range of risks it could face — so that the system could support the real economy, even in difficult conditions.

The Bank of England continues to monitor developments, and provided its latest assessment of the risks to financial stability in the Financial Stability Report, published in November 2017.