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Written question asked by Lord Greaves (Liberal Democrat) on Monday, 11 December 2017, in the House of Lords. It was due for an answer on Wednesday, 27 December 2017. It was answered by Lord Bates (Conservative) on Thursday, 21 December 2017 on behalf of the Treasury.


Bitcoin

Question

To ask Her Majesty's Government what assessment they have made of the advice provided by the financial advice market in relation to Bitcoin; and in the light of that assessment, whether any changes to regulatory or legal framework for financial advice are required.

Answer

The regulation of financial advisors is a matter for the Financial Conduct Authority (FCA). The regulatory framework is determined in legislation by European Directives and the Regulated Activities Order, and the FCA sets the standards for firms that fall within that framework.


Secondary information

Type
Written question
Reference
HL4033
Session
2017-19
Subjects
Advisory services Financial services Regulation Bitcoin
Link
View this Written question on www.parliament.uk