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1537496

registered interest
date	31/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Mint: Non-fungible Tokens
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what quantity of Non Fungible Tokens for Britain designed by the Royal Mint his Department plans to purchase; and how much funding from the public money has been allocated for financial years (a) 2022-23 and (b) 2023-24 to pay for those purchases.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	74594
answer	answer is ministerial correction date of answer 03/11/2022 answer text <p>The Government announced in April 2022 that the Royal Mint intended to create and issue a non-fungible token. The Royal Mint operates as a commercial business, and a non-fungible token would be a collectable digital artwork marketed to consumers as an extension of its existing collectables range. No public funding has been allocated to purchase this product. An update on this work will be provided in due course.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 03/11/2022 15:17:32 answering member 4874 label Biography information for Andrew Griffith
tabling member	1536 label Biography information for Emily Thornberry

1537497

registered interest
date	31/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much money from the public purse his Department has spent on (a) staff activity, (b) IT costs, (c) external consultants and (d) stakeholder engagement, related to the proposed creation of a Central Bank Digital Currency, from the start of financial year 2021-22 up to the end of October 2022.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	74595
answer	answer is ministerial correction date of answer 03/11/2022 answer text <p>The UK, like many other countries globally, is actively exploring the potential role of CBDCs. HM Treasury is exploring a CBDC as part of its wider ongoing work on FinTech and the future of payments.</p><p> </p><p>The government and the Bank of England have not yet made a decision on whether to introduce a CBDC in the UK.</p><p> </p><p>On 9 November 2021, the government published a written statement setting out its future timelines for this work, including an upcoming joint consultation from HM Treasury and the Bank of England setting out their assessment of the case for a UK CBDC.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 03/11/2022 14:02:00 answering member 4874 label Biography information for Andrew Griffith
tabling member	1536 label Biography information for Emily Thornberry