CRYPTO & DIGITAL ASSETS

WHAT IS THE APPG?

• The Crypto and Digital Assets All Party Parliamentary Group (APPG) provides a forum for parliamentarians, regulators, Government and industry to discuss the challenges and opportunities relating to the crypto sector and to explore the need for future regulation of the sector.
• This is an important time for the UK crypto sector as interest in crypto and digital assets has increased over recent years and continues to grow.
• According to the Financial Conduct Authority (FCA), 3 million UK adults now own some form of cryptocurrency. Governments and regulators around the world are now looking at their own approaches to crypto regulation. The APPG will help to bring together industry stakeholders and policymakers in order to understand the regulatory challenges and what more can be done from a policy perspective.
• The group will act as a forum for discussion and debate on the key issues affecting the crypto sector and the need for future regulation, specifically:
  • • • what a suitable regulatory framework for the sector might look like, exploring what approaches other countries have adopted around the world in terms of regulating crypto.
      • Looking at the work of the UK Government and of UK regulators in terms of its own crypto policy so far.
      • explore a range of other issues relating to the crypto sector including economic crime, protecting customers from fraud and scams, advertising, financial education and inclusion, international trade, the UK’s role as a leader in financial services and innovation, environmental issues and climate change, and the future of digital payments.

Chair
The group is chaired by Lisa Cameron MP, Scottish National Party (SNP) MP for East Kilbride, Strathaven and Lesmahagow.

Secretariat
CryptoUK, an independent trade body which represents the UK Crypto and Digital Assets sector, provides the secretariat for the APPG. CryptoUK aims to work constructively with Parliamentarians, Government, Regulators and the wider sector to advance the UK’s approach to regulation of the crypto and digital assets sector.

APPG Register Entry
You can read the group’s full entry in the Houses of Parliament’s Register of All-Party Parliamentary Groups .

THE CHAIR & MEMBERS OF THE CRYPTO AND DIGITAL ASSETS APPG

The Crypto and Digital Assets APPG is made up of cross party MPs and Lords who bring broad experience and expertise from a range of sectors including financial services, foreign affairs, digital innovation, women and equalities, international trade, and economic crime.

MEET THE CHAIR

Dr Lisa Cameron is the Scottish National Party MP for East Kilbride, Strathaven and Lesmahagow. She currently undertakes the role of Shadow SNP Spokesperson for Mental Health. She is also Vice Chair of the Entrepreneurship, Fair Business Banking and Financial Education for Young People APPGs.

Vice Chairs

• Martin Docherty-Hughes MP (SNP)
  Martin Docherty-Hughes is the SNP MP for West Dunbartonshire. Martin is SNP Spokesperson on Foreign Affairs, Industries of the Future and Blockchain Technologies. He is also Chair of the All-Party Parliamentary Group on Blockchain.
• Harriett Baldwin MP (Conservative)
  Harriett Baldwin is the Conservative MP for West Worcestershire. She is a member of the Treasury Select Committee and has served in a number of Government roles including as Minister of State at the Foreign Office, and Economic Secretary to the Treasury. Harriett is Vice Chair of the All Party Parliamentary Groups on Women in Enterprise; Fair Business Banking; and Social Enterprise.
• Lord Taylor of Warwick
  Lord Taylor is a non affiliated member of the House of Lords. He is Vice Chair of the Digital Identity, Financial Technology, and Video Games and Esports APPGs.
• Alexander Stafford MP
  Alexander is the Conservative MP for Rother Valley. He currently serves on the Business, Energy and Industrial Strategy Select Committee. He is a Chair of the All Party Parliamentary Group on Algeria and Vice Chair of the Fair Business Banking APPG.

Officers

• Lord McNicol of West Kilbride (Treasurer)
  Lord McNicol of West Kilbride is a British Labour politician and trade unionist, and Labour member of the House of Lords. From 2011 to 2018, he was general secretary of the Labour Party and was appointed to the House of Lords in 2018.
• Philip Davies MP
  Philip Davies is the Conservative MP for Shipley. He is a member of the Women and Equalities Committee, and was formerly a member of the Digital, Culture, Media and Sport Committee.
• Simon Fell MP
  Simon is the Conservative MP for Barrow and Furness. He is a member of the Home Affairs Select Committee and is Chair of the All Party Parliamentary Group on Cyber Security.
• Lord Cromwell
  Lord Cromwell is a crossbench member of the House of Lords. He is a member of the House of Lords Audit Committee and is an officer of the Entrepreneurship APPG and also Vice Chair of the Fair Business Banking, Internet, Communications and Technology, and Open Banking and Payments APPGs.
• Lord Vaizey of Didcot
  Lord Vaizey is a Conservative member of the House of Lords. He was a former Conservative MP and former minister for DCMS and Business. He is a member of the Lords’ Communications and Digital Committee and is Vice Chair of the Video Games and Esports APPG.
• Bell Ribeiro-Addy MP
  Bell Ribeiro-Addy is the Labour MP for Streatham. She is a member of the Women and Equalities Select Committee and also served as Shadow Minister of State for Immigration.