The report makes a total of 53 recommendations to Government on key areas including the UK’s approach to regulation of cryptocurrency; the role of UK regulators; Central Bank Digital Currencies – ‘a Digital Pound’; and risks in terms of Consumer Protection and Economic Crime.

Announcing the launch of the report, Chair of the Crypto and Digital Assets APPG (APPG), Dr Lisa Cameron MP, said:
“As chair of the Crypto and Digital Assets All Party Parliamentary Group in Parliament, I am delighted to present the group’s inaugural report considering the potential opportunities and challenges of realising the Government’s vision for the UK to become a global hub for Cryptocurrency and Digital Assets.

Following the Government’s announcement of its vision for the UK to become a global hub for cryptocurrency, the APPG launched our Inquiry to help identify the issues that policymakers will need to consider moving forward.

I am grateful to everyone who has contributed to our initial APPG Inquiry: to industry, the world of regulation and the banking sector; they have shared their views and expertise which has helped to inform this report and have informed our recommendations to Government.
Given the rapid growth of cryptocurrency and digital assets, the timing of this report is vital to protect consumers whilst ensuring the UK’s leadership in this sector can be realised.”

You can download the report here

Full inquiry launch press release here