Is digital currency regulation about to become interesting?

On the 12th of July 2021, the Conservative MP for Shrewsbury and Atcham tabled a question for the Chancellor of the Exchequer regarding FCA regulation of digital currencies.

This prompted an answer from John Glen, the Economic Secretary and Minister of State (Treasury), promising 'a robust anti money laundering regime for crypto assets', also acknowledging ‘that new and emerging forms’ could pose similar financial stability and consumer risks as traditional regulated payment systems, and hinting that further regulation is likely to be required to ensure ‘the same high standards that pertain in other areas of the financial services industry’.

We await the Government’s response to the latest consultation. You can find the full question and answer at this link.

Our team of lawyers also has the experience and expertise to assist all those under criminal investigation or those facing prosecution for crypto or blockchain related offences. Call us on +44(0)207 632 4300, or fill in our online enquiry form to request a call back at a time that suits you.



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