Jan. 17 2024
Source Page: UK critical imports and supply chains strategyFound: supply chain transparency, including: • Development of a new supply chain financing model utilising blockchain
Special Report Jan. 12 2024
Committee: Culture, Media and Sport Committee (Department: Department for Digital, Culture, Media & Sport)Found: Fourth Special Report - NFTs and the Blockchain: the risks to sport and culture: Government Response
Report Dec. 29 2023
Committee: Culture, Media and Sport Committee (Department: Department for Digital, Culture, Media & Sport)Found: Draft Media Bill: Radio Measures HC 1287 13th Draft Media Bill: Final Report HC 1807 14th NFTs and the Blockchain
Asked by: Alun Cairns (Conservative - Vale of Glamorgan)
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, pursuant to the Answer of 11 December 2023 to Question 4876 and with reference to the report noted in the Answer of 27 November 2023 to Question 2866 on Land Registry: Blockchain, whether her Department is taking steps to implement blockchain technologies in areas not related to cryptoassets for finance.
Answered by Saqib Bhatti - Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
I refer the Honourable Member to the answer given in response to PQ4875.
My department will continue to monitor developments in the use of both financial and non-financial applications of blockchain technology and will work with other government departments and industry to ensure we maximise its potential to spur UK growth and innovation.
Report Dec. 21 2023
Committee: Culture, Media and Sport Committee (Department: Department for Digital, Culture, Media & Sport)Found: Draft Media Bill: Radio Measures HC 1287 13th Draft Media Bill: Final Report HC 1807 14th NFTs and the Blockchain
Dec. 20 2023
Source Page: Consultation on the Digital Securities SandboxFound: /media -releases.msg -id-84035.html 17https://www.mas.gov.sg/development/fintech/technologies ---blockchain
Asked by: Daniel Kawczynski (Conservative - Shrewsbury and Atcham)
Question to the Department for Education:
To ask the Secretary of State for Education, what steps she is taking to improve awareness of (a) blockchains and (b) Non-Fungible Tokens in schools.
Answered by Damian Hinds - Minister of State (Education)
Education on financial matters helps to ensure that young people are prepared to manage their money well, make sound financial decisions and know where to seek further information when needed. Pupils receive financial education through the National Curriculum for mathematics and citizenship which, for secondary school-aged pupils, includes compulsory content covering the functions and uses of money, financial products and services, and the need to understand financial risk.
Schools have flexibility over how they design their curricula, and can tailor it to the needs of their pupils.
The Money and Pensions Service (MaPs) published financial education guidance for primary and secondary schools in England in November 2021 to support school leaders to enhance their financial education provision.
The department will continue to work closely with the MaPs and other stakeholders such as HM Treasury to support the teaching of financial education to children and young people, including novel financial products.
Asked by: Daniel Kawczynski (Conservative - Shrewsbury and Atcham)
Question to the Home Office:
To ask the Secretary of State for the Home Department, what assessment he has made of the potential merits of using Non-Fungible Tokens to tackle the financing of terrorist organisations through cryptocurrencies.
Answered by Tom Tugendhat - Minister of State (Home Office) (Security)
The UK’s Counter Terrorism (CT) legislation criminalises terrorism financing in all its forms. The Government keeps under review our legislative tools to ensure that we keep pace with evolving terrorist financing threats.
The Economic Crime and Corporate Transparency (ECCT) Act 2023, created new powers for law enforcement to seize, detain or freeze, and forfeit terrorist cryptoassets, alongside other forms of terrorist property. The ECCT Act is future-proofed to allow further technological advancements in digital currency to be captured under the new civil recovery powers.
The UK continues to engage with international partners to mitigate illicit and terrorist finance risks associated with cryptoassets including non-fungible tokens, and to share best practice for meeting international standards set by the Financial Action Task Force (FATF). To ensure that terrorist organisations are unable to exploit blockchain technology, the UK has also, as of September 2023, implemented the FATF’s 'Travel Rule' which extends information sharing and retention for cryptoasset transfers to detect both illicit and terrorist financing.
Report Dec. 15 2023
Committee: Culture, Media and Sport Committee (Department: Department for Digital, Culture, Media & Sport)Found: Draft Media Bill: Radio Measures HC 1287 13th Draft Media Bill: Final Report HC 1807 14th NFTs and the Blockchain
Dec. 14 2023
Source Page: Trends in Digital Markets: a CMA horizon scanning reportFound: Augmented Reality (AR), as well as some that have not yet been realised such as the integration of blockchain