Cryptoassets Taskforce meets for the first time

Senior leaders from government and the financial regulators were present, including representatives from HM Treasury, the FCA and the Bank of England

Dave Ramsden, Deputy Governor of the Bank of England said:

“The technologies that underpin cryptoassets have the potential to deliver benefits both to the financial system and to the economy it serves. This taskforce will enable us to work closely with the Treasury and the FCA to explore how the opportunities posed by these technologies can be realised, while also tackling the risks arising from cryptoassets.”

The Taskforce will consider existing analysis by the government and regulators. It will also seek new views from trade bodies, academics, consumer groups and investor representatives.

The Taskforce will host a roundtable in July and publish a report in Q3 2018.

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