Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the her Department will review the tax treatment of capital gains on cryptocurrency transactions to ensure clarity and compliance.

The government recognises the significant potential for cryptoassets and blockchain technologies to drive economic growth in the UK and increase efficiencies across financial markets. We are committed to making the UK a world leading destination for cryptoassets.

Noting the novel and evolving nature of cryptoassets, it is right that the government keeps their tax treatment under review.