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<p>The Government does not comment on the proposed business models of individual companies.
More broadly, the Government established the Cryptoassets Taskforce – comprised of
HM Treasury, the Financial Conduct Authority and the Bank of England – to explore
the risks and potential benefits associated with cryptoassets and other applications
of distributed ledger technology.</p><p> </p><p>The Taskforce’s final report<sub><sub>[1]</sub></sub>
found that cryptoassets do not currently pose a material threat to UK or global financial
stability, however this could change in the future, and the Bank of England’s Financial
Policy Committee will continue to monitor the situation.</p><p> </p><p>Treasury Ministers
have meetings with a wide variety of organisations in the public and private sectors,
as well as international counterparts, as part of the process of policy development
and delivery.</p><p> </p><p>Details of ministerial and permanent secretary meetings
with external organisations on departmental business are published on a quarterly
basis here: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel"
target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p><p>
</p><p>[1] <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf"
target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf</a></p>
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