To ask the Chancellor of the Exchequer, whether he has had discussions with relevant stakeholders on the potential merits of using non-fungible tokens to replace paper identification required to (a) open a bank account and (b) access (i) loans, (ii) mortg
The Government recognises the widespread benefits of digital identity use. HM Treasury’s Money Laundering Regulations (MLRs) 2017 require banks and other regulated financial firms to verify a customer’s identity to open, access or maintain a bank account ...
Financial Services: Non-fungible Tokens