CryptoUK and Members Update the Crypto and Digital Asset APPG in Parliament
Representatives from across the crypto industry in the UK met in the Houses of Parliament on Monday 4th March to discuss the sector’s regulatory framework and the Government’s stated goal of becoming a global cryptoasset hub.
The meeting was hosted by the Crypto and Digital Assets All Party Parliamentary Group (APPG), which is chaired by MP Dr Lisa Cameron. Lord Taylor of Warwick, Lord Cromwell and Baroness Uddin were also in attendance as well as CryptoUK, which is the Secretariat of the APPG.
The attendees also heard from Simon Knight of MoonPay, Rebecca Rogers of B2C2, and Sean Kiernan of Greengage. The main theme of the discussion was what progress had been made concerning the Government’s stated vision for the UK to become a global cryptoasset hub as we approach two years since this intention was announced in 2022.
The full list of attendees of the roundtable included representatives from:
- Ashurst Advisory
- Andersens
- B2C2
- Bitcoin Policy UK
- BVNK
- Clear Junction
- Clifford Chance
- CMS
- EY
- Gemini
- Greengage
- Halliday Consultancy
- IG
- KR1
- Merkle Science
- MoonPay
- OKX
- Simmons & Simmons
- Socios
- Taylor Wessing
- Uphold
- Whitebit
Su Carpenter, Director of Operations at CryptoUK, said: “We would like to thank Dr Lisa Cameron MP and the Crypto and Digital Assets APPG for hosting the roundtable. It provided a useful opportunity for our members to update on how much progress has been made over the last two years around the regulatory environment in the UK. What is clear is that we’ve come an awfully long way, but our members are increasingly worried about potential barriers to growth. This includes the growing issue of de-banking and how the industry implements rules around financial promotions. Attendees also noted that the launch of the spot Bitcoin ETFs at the start of the year in the US provided an example of how the UK capital markets could react to this innovation.”
