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Written question asked by John Glen (Conservative) on Wednesday, 11 December 2024, in the House of Commons. It was due for an answer on Monday, 16 December 2024. It was answered by Georgia Gould (Labour) on Tuesday, 24 December 2024 on behalf of the Cabinet Office.


Blockchain

Question

To ask the Minister for the Cabinet Office, which Department is responsible for (a) leading on and (b) delivering blockchain technology.

Answer

The primary existing use-case for blockchain technology is in cryptoassets. The Treasury has confirmed government’s intention to proceed with a financial services regulatory regime for cryptoassets, which will provide valuable protections for consumers and give firms regulatory certainty along with the flexibility to innovate. Blockchain technology has broader use-cases, which are addressed by responsible departments.


Secondary information

Type
Written question
Reference
19276
Session
2024-26
Transferred
Yes
Subjects
Blockchain
Link
View this Written question on www.parliament.uk