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Report on UK's Cryptocurrency Vision

30 June 2023
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Report on UK's Cryptocurrency Vision

The All-Party Parliamentary Group (APPG) for Crypto and Digital Assets, has published its report on ‘Realising Government’s vision for the UK to become a global hub for cryptocurrency and FinTech innovation’.

The APPG is an informal cross-party group comprised of parliamentarians, regulators, Government, and industry members designed to discuss challenges and opportunities relating to the cryptocurrency sector.

The report provides the group’s conclusions and recommendations related to:

  • The UK as a global home of cryptocurrency and digital asset investment;
  • The UK’s current approach to regulation of cryptocurrency and digital assets;
  • The role and current approach of UK regulators;
  • Central Bank Digital Currencies (“CBDCs”); and
  • Consumer Protection and Economic Crime.

Relevant firms can read the report to gain insights into the potential future landscape of cryptocurrency and FinTech regulation in the UK.