Chancellor unveils cryptoassets task force

Will assess regulation

Beth Brearley
clock • 2 min read

A cryptoassets task force has been established by the Treasury, the Bank of England and the Financial Conduct Authority (FCA) to "further explore risks associated with cryptoassets and the benefits of the underlying technology" it was announced today.

In a policy paper titled Fintech Sector Strategy: Securing the Future of UK Fintech, Chancellor of the Exchequer Philip Hammond said one of the government's key challenges is "understanding and engaging with the implications of new technologies". The Cryptoassets Task Force will assess how the authorities will respond to cryptocurrencies and regulate the asset class. It plans to report its findings in the Summer. "Like traditional assets, cryptoassets may act as a store of value, but they have recently been subject to speculation which has led to significant volatility, contributing t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Asia's broadening investment story

Darius McDermott: Asia's broadening investment story

Fund managers have a dilemma

Darius McDermott
clock 21 October 2026 • 5 min read
China's historic move away from coal shows why investors need to keep digging

China's historic move away from coal shows why investors need to keep digging

'A key challenge for investors is to identify the pockets of genuine innovation'

Xin-Yao Ng
clock 19 October 2026 • 4 min read
Investors yet to stuff ISA allowances as government plays down spectacle despite 'tough' Budget

Investors yet to stuff ISA allowances as government plays down spectacle despite 'tough' Budget

Platform activity stable

Jack Roach
clock 19 October 2026 • 4 min read