Written question asked by Kevin Hollinrake (Conservative) on Monday, 18 May 2026, in the House of Commons. It was due for an answer on Wednesday, 20 May 2026. It was answered by Rachel Blake (Labour) on Thursday, 21 May 2026 on behalf of the Treasury.
Cryptocurrencies
- Question
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To ask the Chancellor of the Exchequer, whether financial institutions handling Tether cryptocurrency are regulated in the UK.
- Answer
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The Government legislated in February of this year to establish a financial services regulatory regime for cryptoassets, requiring firms to be authorised by the Financial Conduct Authority for providing relevant cryptoasset services in or to the UK. This built on previous regulatory interventions on cryptoasset money laundering and financial promotions. The Government’s approach is ensuring cryptoasset users are protected against detriment, whilst giving firms the certainty needed to invest and grow in the UK.
Secondary information
- Type
- Written question
- Reference
- 2120
- Session
- 2026-27
- Related items
- Subjects
- Financial institutions Regulation Cryptocurrencies
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-07-06 15:56:49 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/2120
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/2120
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/2120