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answering dept short name	Digital%2C Culture%2C Media and Sport
tabling member constituency	Shipley
hansard heading	Football: Non-fungible Tokens

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registered interest

date

exactly:

or between:
and

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

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1472525

registered interest

date

22/06/2022

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

Football: Non-fungible Tokens

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the revenue opportunities on offer from the growing NFT industry for English football.

tabling member constituency

Shipley

tabling member printed

Philip Davies

uin

23245

answer

is ministerial correction

date of answer

30/06/2022

answer text

The Government has not made a specific assessment of whether Non-Fungible Tokens (NFTs) can benefit football in England.The Cryptoassets Taskforce, consisting of Her Majesty’s Treasury (HMT), the Bank of England and the Financial Conduct Authority (FCA), was established in 2018 to explore the impact of crypto assets and the potential benefits and challenges of Distributed Ledger Technology (DLT) in financial services, as well as assessing what, if any, regulation is required in response. HMT is not currently proposing to bring NFTs into regulation.

answering member constituency

Mid Worcestershire

answering member printed

Nigel Huddleston

question first answered

30/06/2022 11:21:19

answering member

4407

label	Biography information for Nigel Huddleston

tabling member

1565

label	Biography information for Sir Philip Davies