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804335
star this property registered interest false more like this
star this property date less than 2017-12-11more like thismore than 2017-12-11
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
unstar this property hansard heading Cryptocurrencies more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has been made of the value to the UK economy of Bitcoin and other cryptocurrencies. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes remove filter
star this property uin 118579 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2017-12-19more like thismore than 2017-12-19
star this property answer text <p>The government has not made any formal assessment of the value to the UK of Bitcoin or other cryptocurrencies.</p><p> </p><p>The government is currently negotiating amendments to the European Anti-Money Laundering Directive which will extend regulation to virtual currency exchange platforms and custodian wallet providers. These amendments will enable competent authorities to ensure these firms are mitigating the risks regarding money laundering and terrorist financing, and enable the legitimate sector to grow. We expect these negotiations to conclude at EU level by early 2018, with a year for Member States to then implement the Directive.</p> more like this
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property grouped question UIN 118581 more like this
star this property question first answered
remove filter
star this property answering member
4095
star this property label Biography information for Steve Barclay more like this
unstar this property tabling member
4635
unstar this property label Biography information for Eddie Hughes more like this