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Question for Treasury

UIN 37103, tabled on 22 July 2021

To ask the Chancellor of the Exchequer, how the FCA and PRA plan to (a) manage and (b) control the new value transfer mechanisms from decentralised finance that will potentially see asset and cash ownership of UK PLC leave the UK.

Answered on

6 September 2021

This is a matter for the Financial Conduct Authority (FCA), and the Prudential Regulation Authority (PRA), which are operationally independent from Government. The question has been passed on to the FCA and PRA. The FCA and PRA will reply directly to the honourable Member by letter. A copy of the letter will be placed in the Library of the House.

Answered by

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.