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This marks an important first step for our members, and the wider cryptoassets ecosystem, to embark upon a much needed discussion which forms part of an iterative process with HM Government and regulators alike.
Our response encourages and supports HMT to produce a framework and clear guidance that can be welcoming of innovation and supports the attraction of capital and developer interest. We also focus on the measures needed to ensure the responsible use of new technologies in the UK financial services industry. Our response explores this balance, and will support HMT to ensure that the clear benefits and potential opportunities are explored and signposts the potential risks and where further thought is still needed.
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