Digital currencies: call for information

In August 2014, the Chancellor of the Exchequer announced a major programme of work looking into digital currencies and associated technologies, with a particular focus on whether they should be regulated. The government is now considering the benefits offered by digital currencies and the technology that underpins them, and whether it should take action to support innovation in this area. At the same time, the government is examining the risks presented by digital currencies and assessing whether action is required to mitigate any concerns.

This call for information invites views and evidence on the benefits and risks of digital currencies. It should be read by those with an interest in digital currencies and the future development of payments. This includes digital currency developers, digital currency exchanges, digital currency users, investors, academics, think-tanks, other government departments, international counterparts, banks, building societies and other payment service providers, payment scheme companies and e-money providers.

Information provided in response to this call for information, including personal information, may be published or disclosed in accordance with the Freedom of Information Act 2000 (FOIA). If you want the information that you provide to be treated as confidential, please be aware that, under the FOIA, there is a statutory Code of Practice with which public authorities must comply and which deals, among other things, with obligations of confidentiality.

In view of this it would be helpful if you could explain to us why you regard the information you have provided as confidential. If we receive a request for disclosure of the information we will take full account of your explanation, but we cannot give an assurance that confidentiality can be maintained in all circumstances. An automatic confidentiality disclaimer generated by your IT system will not, of itself, be regarded as binding.

Digital currencies: 5 reasons we’re calling for information