Oct. 25 2023
Source Page: Government response to the Law Commission’s review of confiscationFound: will declare bankruptcy.28 (3) the person’s ability to hide their identity when holding assets in cryptocurrencies
Oral Evidence Oct. 17 2023
Inquiry: Lobbying and Influence: post-legislative scrutiny of the Lobbying Act 2014 and related mattersFound: That means making sure that we are not unnecessarily bringing people or organisations into regulation
Report Oct. 11 2023
Committee: Culture, Media and Sport Committee (Department: Department for Digital, Culture, Media & Sport)Found: million. 3 However, as NFTs entered into the public consciousness, underpinned in part by the boom in cryptocurrencies
Sep. 26 2023
Source Page: The six-monthly report on Hong Kong: 1 January to 30 June 2023. 32p.Found: From 1 June, Hong Kong’s Securities and Futures Commission (SFC) introduced new regulation for the trading
Sep. 19 2023
Source Page: Six-monthly report on Hong Kong: January to June 2023Found: From 1 June, Hong Kong’s Securities and Futures Commission (SFC) introduced new regulation for the trading
Oral Evidence Sep. 12 2023
Inquiry: Large language modelsFound: We will be assessing the Government’s White Paper and their proposed approach to regulation.
Oral Evidence Sep. 12 2023
Committee: Treasury Committee (Department: HM Treasury)Found: What will change is I will become a member of the Prudential Regulation Committee and a member of the
Asked by: Alun Cairns (Conservative - Vale of Glamorgan)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment has he made of the adequacy of the capacity of the Financial Conduct Authority to regulate cryptocurrencies.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
The government is proposing an approach to cryptoasset regulation under which firm requirements are designed and implemented by the independent regulators to ensure an agile regime able to respond to developments in the sector. The recent Financial Services and Markets Act included powers to bring stablecoins and cryptoasset activities within the FCA regulatory perimeter.
The FCA completed its Transformation Programme in March 2023 seeking to make the FCA a more innovative, assertive and adaptive regulator. It involved significant investment in the FCA’s systems and capabilities to enable better use of data and intelligence to regulate 50,000 firms effectively and efficiently. Further information on the delivery of the Transformation Programme is contained in the FCA Annual Report 2022-2023
The Government will continue to regularly discuss delivery of the Transformation Programme with the FCA to monitor progress.
Asked by: Apsana Begum (Labour - Poplar and Limehouse)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department plans to give the Financial Conduct Authority further powers to regulate crypto-related companies.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
HMT published a public consultation on 1 February 2023 on the ‘Future financial services regulatory regime for cryptoassets’, outlining how the Government will set the regulatory perimeter for the FCA to make rules regulating crypto-related companies. Under these proposals, firms providing cryptoasset services would need to become FCA authorised and meet a range of new requirements, including (for example) prudential, data reporting, consumer protection, location policy and operational resilience requirements.
Found: Cryptocurrencies are a digital means of financial exchange.