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165872

registered interest
date	25/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bitcoin
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is on attracting companies that develop bitcoin technology to locate in the UK.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	215985
answer	answer is ministerial correction date of answer 28/11/2014 answer text <p>Earlier this year, the Chancellor set out plans to make Britain the global centre of financial innovation, benefitting consumers and businesses, including a major programme of work looking at the benefits and risks of digital currencies, and to look into whether they could or should be regulated.</p><p> </p><p> </p><p> </p><p>On 3 November, the Treasury published a Call for Information on digital currencies. This Call for Information asks whether there are currently barriers to digital currency businesses setting up in the UK, and the Government will consider access to UK bank accounts as part of this.</p><p> </p><p> </p><p> </p><p>In October, the Financial Conduct Authority launched its Innovation Hub to provide support to innovative businesses. It has identified helping innovators access bank accounts as a key priority.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 215986 question first answered 28/11/2014 14:11:53 answering member 4117 label Biography information for Andrea Leadsom
tabling member	163 label Biography information for Sir Stephen Timms

165905

registered interest
date	25/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bitcoin
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the ability of companies dealing with bitcoin to open a bank account.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	215986
answer	answer is ministerial correction date of answer 28/11/2014 answer text <p>Earlier this year, the Chancellor set out plans to make Britain the global centre of financial innovation, benefitting consumers and businesses, including a major programme of work looking at the benefits and risks of digital currencies, and to look into whether they could or should be regulated.</p><p> </p><p> </p><p> </p><p>On 3 November, the Treasury published a Call for Information on digital currencies. This Call for Information asks whether there are currently barriers to digital currency businesses setting up in the UK, and the Government will consider access to UK bank accounts as part of this.</p><p> </p><p> </p><p> </p><p>In October, the Financial Conduct Authority launched its Innovation Hub to provide support to innovative businesses. It has identified helping innovators access bank accounts as a key priority.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 215985 question first answered 28/11/2014 14:11:53 answering member 4117 label Biography information for Andrea Leadsom
tabling member	163 label Biography information for Sir Stephen Timms