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Financial Services: ICT

Question for HM Treasury

UIN 118694, tabled on 11 December 2017

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of block chain technology on the financial services industry.

Answered on

19 December 2017

The Financial Conduct Authority (FCA) is continuing to examine the implications of blockchain technology through its Regulatory Sandbox. In addition, the FCA issued a discussion paper to gauge industry’s views on the potential for future development of blockchain, which closed in July.

Answered by

Treasury