Cryptocurrencies: Regulation
Commons · Question 30772 · Tabled 11 Feb 2025 · Treasury · Official record
Answered 18 Feb 2025
Question
Asked by Steve Darling
To ask the Chancellor of the Exchequer, what steps her Department is taking to regulate cryptocurrency exchanges to prevent their use in financial crime.
Answer
Answered by Emma Reynolds, 18 Feb 2025
Cryptoassets, specifically cryptoasset exchange providers and custodian wallet providers have been regulated under the Money Laundering and Terrorist Financing Regulations 2017 (MLRs) since January 2020. The MLRs require UK cryptoasset firms to register w...