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Parliamentary debates and questions

S5W-11594: Murdo Fraser (Mid Scotland and Fife)

Scottish Conservative and Unionist Party

Date lodged: 27 September 2017

To ask the Scottish Government what analysis it has carried out of the economic impact on Scotland of digital currencies, such as the bitcoin, and whether it has discussed with the Treasury what can be done to ensure that their use complies with anti-money laundering regulations.

Answered by: Keith Brown 24 October 2017

The Scottish Government is aware of the potential uses and limitations of digital currencies and monitors closely all developments in the financial and banking sector in Scotland. New money laundering regulations were published by Treasury in June 2017.