To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of the Bank of England’s proposed retail holding caps on stablecoins on (a) consumer financial freedoms, (b) the competitiveness of UK fintech and (c) the risk of driving digital asset innovation offshore.
To ask the Chancellor of the Exchequer, whether she has had discussions with Cabinet colleagues on managing seized cryptocurrency assets as long-term strategic holdings rather than liquidating them.
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that banks apply case-by-case assessments to banking services for (a) crypto asset businesses and (b) their customers; and whether she plans to have discussions with (i) the industry and (ii) regulators on crypto-related banking practices.
The question advocates for fair banking access for crypto asset businesses and their customers, urging banks to avoid blanket restrictions and instead assess each case individually. It also calls for dialogue between the government, industry, and regulators on crypto-related banking practices, reflecting a supportive approach to integrating crypto into the financial system.