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Written question asked by Barry Sheerman (Labour) on Tuesday, 6 February 2018, in the House of Commons. It was due for an answer on Thursday, 8 February 2018. It was answered by John Glen (Conservative) on Wednesday, 14 February 2018 on behalf of the Treasury.


Cryptocurrencies

Question

To ask Mr Chancellor of the Exchequer, if he will incorporate consumers who hold digital currencies into the provisions of the Consumer Protection Act 1987.

Answer

As with all policies, the Government keeps its policy towards digital currencies under review. The Government recognises the significant benefits that digital currencies and the related technology could bring, as well as potential challenges. The Government is monitoring the situation, and believes any regulation should be proportionate and risk-based.


Secondary information

Type
Written question
Reference
126959
Session
2017-19
Subjects
Consumers Protection Cryptocurrencies
Legislation
Consumer Protection Act 1987
Link
View this Written question on www.parliament.uk