Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the regulation of cryptocurrency to encourage public investment in digital assets; and what assessment they have made of the impact of that regulation on the economy.

The Government published draft legislation for the future financial services regulatory regime for cryptoassets on 29 April, with final legislation planned for before the end of the year.

The Government’s regulatory approach is seeking to strike the right balance between protecting consumers and giving the sector the space and flexibility to innovate.

HM Treasury will publish full impact assessments alongside its final legislation.