Cryptocurrencies and Distributed Ledger Technology: Regulation
(asked on 20th March 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has to regulate distributed ledger technology and cryptocurrencies in the current Parliament.
This question was answered on 23rd March 2017
We are currently negotiating amendments to the Fourth Anti-Money Laundering Directive. These amendments will extend the scope of Directive (EU) 2015/849 to include virtual currency exchange platforms and custodian wallet providers, which will enable competent authorities to ensure virtual currency networks are mitigating the risks regarding money laundering and terrorist financing. There are no current plans to regulate distributed ledger technology.