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Written question asked by Kevin Hollinrake (Conservative) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by Lucy Rigby (Labour) on Monday, 7 September 2026 on behalf of the Treasury.


Cryptocurrencies

Question

To ask the Chancellor of the Exchequer, further to the HMRC policy paper, Taxation of stablecoins, of 13 July 2026, whether Tether will be an eligible stablecoin.

Answer

The proposed definition of an ‘eligible stablecoin’ is broad so as to include a range of different models. After the proposed stablecoin legislation is enacted, HMRC will look to assist taxpayers by setting out in guidance its view of whether the largest stablecoins currently in use are 'eligible stablecoins'.


Secondary information

Type
Written question
Reference
21257
Session
2026-27
Subjects
Cryptocurrencies
Link
View this Written question on www.parliament.uk