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101800

registered interest
date	30/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 24 February 2014, to the hon. Member for Vale of Glamorgan, Official Report, column 26W, on Bitcoin, what his policy is on the regulation of Bitcoin derivatives and other securities paired to digital currencies.
tabling member constituency	Fareham
tabling member printed	Mr Mark Hoban
uin	212665
answer	answer is ministerial correction date of answer 05/11/2014 answer text <p>Bitcoin itself is not regulated. However, the UK’s regulatory perimeter in relation to derivatives is wide and would capture Bitcoin and digital currency derivatives that were futures, options or contracts for difference.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 05/11/2014 16:57:59 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1414 label Biography information for Mr Mark Hoban

101802

registered interest
date	30/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the ability of businesses using digital currencies to open a UK bank account.
tabling member constituency	Fareham
tabling member printed	Mr Mark Hoban
uin	212669
answer	answer is ministerial correction date of answer 05/11/2014 answer text <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 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 an area of priority.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 05/11/2014 16:56:46 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1414 label Biography information for Mr Mark Hoban