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min date	2019-04-08
answering dept sort name	Digital, Culture, Media and Sport
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions her Department has had with sporting industry stakeholders on cryptoassets with since 4 April 2022; and what assessment she has made of the need to regulate the promotion of cryptoassets in sport.

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

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and

answer text

answering member constituency

answering member printed

grouped question UIN

question first answered

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label

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label

1541368

registered interest

date

09/11/2022

answering body

Department for Digital, Culture, Media and Sport

answering dept id

answering dept short name

Digital, Culture, Media and Sport

answering dept sort name

Digital, Culture, Media and Sport

hansard heading

Sports: Cryptocurrencies

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions her Department has had with sporting industry stakeholders on cryptoassets with since 4 April 2022; and what assessment she has made of the need to regulate the promotion of cryptoassets in sport.

tabling member constituency

Newcastle-under-Lyme

tabling member printed

Aaron Bell

uin

83790

answer

is ministerial correction

date of answer

16/11/2022

answer text

The Government has noted a growing market of partnerships between sports bodies and crypto asset businesses.The variety of crypto asset products is wide and evolving. We have always encouraged innovation in sports markets but this must be done with the interests of fans in mind and must be transparent on risks.My officials have discussed cryptoassets in conversations with the Premier League, the English Football League and the Treasury.As I stated in the recent Westminster Hall Debate on this issue, the government will continue to monitor the use and promotion of cryptoassets in sport and will factor this into considerations around the wider cryptoasset market and its regulation.

answering member constituency

Pudsey

answering member printed

Stuart Andrew

grouped question UIN

83788
83789

question first answered

16/11/2022 09:18:39

answering member

4032

label	Biography information for Stuart Andrew

tabling member

4837

label	Biography information for Aaron Bell