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‘Crypto-assets’ taskforce meets

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The government’s new crypto-assets taskforce met for the first time on 21 May, attended by representatives of HM Treasury, the FCA and the Bank of England. The chancellor announced the taskforce in April as part of the government’s strategy for the fintech sector, to explore the risks of crypto-assets and the potential benefits of the underlying distributed ledger technology. The objectives of the taskforce include assessing whether regulation may be required.

Besides considering existing analysis carried out by the government and regulators, the taskforce will seek views from trade bodies, academics, consumer groups and investor representatives. It will host a roundtable in July and publish a report in the autumn.