This policy briefing paper to inform Westminster Hall Debate covers key discussion points including crypto payments systems and stablecoins.

Policy Brief for Westminster Hall Debate on the “Government’s Regulatory Approach to Crypto-Assets & Currencies”

 

Download Policy Brief – Click Here

 

 

Dear APPG Blockchain Members & Community,

 

On behalf of the All-Party Parliamentary Group on Blockchain, and the Secretariat, Big Innovation Centre, we are delighted to invite you to download and read our policy brief, published in advance of the Westminster Hall Debate on the “Government’s Regulatory Approach to Crypto-Assets & Currencies”, which will take place on Wednesday 7th September 2022 from 09:30 – 11:00.

 

This policy briefing paper covers key discussion points for the Westminster Hall debate including, crypto payments systems, stablecoins, central bank digital currencies (CBDCs), non-Fungible Tokens (NFTs), and how effective regulation can help turn the UK into a global crypto-hub.

 

The purpose of this brief is to enlighten those that will be contributing in the debate on cryptocurrency and crypto-assets, and the impact that regulation may have. Further, in anticipation of the Financial Services & Markets Bill, this policy brief aims to inform legislators about the concepts and trends around cryptocurrency, assets and stablecoins.

 

A preview example of statements and definitions which are included in the briefing paper:

 

  • “Cryptocurrencies allow for efficiency. As they will re-write financial rules in the UK in terms of how we spend, pay, and invest, effective regulation must ensure the new systems are ‘desirable’.”
  • “Any framework should be dynamic and continuously evolving to keep pace with changes within the whole financial services industry”
  • “Stablecoins are a form of cryptocurrency that try to peg their market value to an external reference, for example a fiat currency (e.g., US Dollar).”
  • “Central Bank Digital Currencies (CBDCs) are digital tokens, issued by a central bank, that are pegged to a state’s fiat currency (e.g., Pound Sterling).”

 

Download Policy Brief for Westminster Hall Debate on the “Government’s Regulatory Approach to Crypto-Assets & Currencies” – Click Here

 

Download recent APPG Blockchain Evidence Reports:

  • Cryptocurrency and crypto-payments: The Current State of Affairs (Click here)
  • Government, Democracy and Voting (Click here)
  • Convergence and Singularity: Blockchain, AI and Internet of Things (Click here)
  • Central Bank Digital Currencies (CBDC) and Stablecoins: Assessing A New Monetary Paradigm (Click here)
>> Please take a moment to visit our APPG Blockchain Pavilion: Includes all our output, photos and videos since 2018 <<

 

The All-Party Parliamentary Group on Blockchain (APPG Blockchain) was set up in January 2018, to ensure that industry and society benefit from the full potential of blockchain and other distributed ledger technologies (DLT). 

We focus on: 
The Future of Trade Finance, Crypto Economy, Supply Chains, Data & Network Governance, Blockchain Applications in all sectors, Cybersecurity, Digital Assets + much more
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Best Regards,

APPG Blockchain Secretariat

 

All-Party Parliamentary Group on Blockchain Secretariat
Big Innovation Centre
Web www.appg-blockchain.org/| Twitter @appg_blockchain

 
Have questions? Either respond to this email or contact the sender on appg-blockchain@biginnovationcentre.com

 

Big Innovation Centre, 14-16 Dowgate Hill, London, Greater London EC4R 2SU, United Kingdom

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