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1541366

registered interest
date	09/11/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
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 merits of regulating the promotion of cryptoassets in sport; and if she will make a statement.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Aaron Bell
uin	83788
answer	answer is ministerial correction date of answer 16/11/2022 answer text <p>The Government has noted a growing market of partnerships between sports bodies and crypto asset businesses.</p><p>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.</p><p>My officials have discussed cryptoassets in conversations with the Premier League, the English Football League and the Treasury.</p><p>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.</p><p> </p> answering member constituency Pudsey answering member printed Stuart Andrew grouped question UIN 83789 83790 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

1541367

registered interest
date	09/11/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, whether she has had recent discussions with (a) the Chancellor of the Exchequer (b) the Cryptoasset Taskforce, (c) the Premier League, (d) Premier League Football Clubs, (e) Premier League Football Club Supporter Associations and (f) the Football Supporters’ Association on the regulation of cryptoassets in sport.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Aaron Bell
uin	83789
answer	answer is ministerial correction date of answer 16/11/2022 answer text <p>The Government has noted a growing market of partnerships between sports bodies and crypto asset businesses.</p><p>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.</p><p>My officials have discussed cryptoassets in conversations with the Premier League, the English Football League and the Treasury.</p><p>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.</p><p> </p> answering member constituency Pudsey answering member printed Stuart Andrew grouped question UIN 83788 83790 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

1541368

registered interest
date	09/11/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
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	answer is ministerial correction date of answer 16/11/2022 answer text <p>The Government has noted a growing market of partnerships between sports bodies and crypto asset businesses.</p><p>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.</p><p>My officials have discussed cryptoassets in conversations with the Premier League, the English Football League and the Treasury.</p><p>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.</p><p> </p> 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

1541369

registered interest
date	09/11/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what recent assessment she has made of the potential impacts of cryptoasset schemes promoted by the sporting industry on consumers.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Aaron Bell
uin	83791
answer	answer is ministerial correction date of answer 15/11/2022 answer text <p>The Government has noted a growing market of partnerships between sports bodies and crypto asset businesses.</p><p>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.</p><p>My officials have discussed cryptoassets in conversations with the Premier League, the English Football League and the Treasury.</p><p>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.</p><p> </p> answering member constituency Pudsey answering member printed Stuart Andrew question first answered 15/11/2022 15:54:40 answering member 4032 label Biography information for Stuart Andrew
tabling member	4837 label Biography information for Aaron Bell

1416885

registered interest
date	26/01/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
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 trends in the level of engagement in fan token cryptocurrencies.
tabling member constituency	Inverclyde
tabling member printed	Ronnie Cowan
uin	112596
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.</p><p>Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.</p><p> </p> answering member constituency Croydon South answering member printed Chris Philp grouped question UIN 112595 112597 112598 112599 question first answered 03/02/2022 11:45:59 answering member 4503 label Biography information for Chris Philp
tabling member	4465 label Biography information for Ronnie Cowan

1416886

registered interest
date	26/01/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, whether the ongoing Gambling Review White Paper will look into the engagement of fan token cryptocurrencies.
tabling member constituency	Inverclyde
tabling member printed	Ronnie Cowan
uin	112597
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.</p><p>Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.</p><p> </p> answering member constituency Croydon South answering member printed Chris Philp grouped question UIN 112595 112596 112598 112599 question first answered 03/02/2022 11:45:59 answering member 4503 label Biography information for Chris Philp
tabling member	4465 label Biography information for Ronnie Cowan

1416887

registered interest
date	26/01/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, whether she has made an assessment of the potential risks of sports sponsorship by cryptocurrency platforms.
tabling member constituency	Inverclyde
tabling member printed	Ronnie Cowan
uin	112598
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.</p><p>Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.</p><p> </p> answering member constituency Croydon South answering member printed Chris Philp grouped question UIN 112595 112596 112597 112599 question first answered 03/02/2022 11:46:00 answering member 4503 label Biography information for Chris Philp
tabling member	4465 label Biography information for Ronnie Cowan

1416888

registered interest
date	26/01/2022
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Sports: Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what estimate the Government has made of the value of front-of-shirt football team sponsorships by cryptocurrency platforms.
tabling member constituency	Inverclyde
tabling member printed	Ronnie Cowan
uin	112599
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.</p><p>Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.</p><p> </p> answering member constituency Croydon South answering member printed Chris Philp grouped question UIN 112595 112596 112597 112598 question first answered 03/02/2022 11:46:00 answering member 4503 label Biography information for Chris Philp
tabling member	4465 label Biography information for Ronnie Cowan