questionText: 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
answerText: 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 ...
heading: Financial Services: Non-fungible Tokens