The APPG (All-Party Parliamentary Group) on Digital Market and Digital Money is a cross-party forum within the UK Parliament that focuses on the exploration, discussion, and oversight of digital market infrastructures and digital money, including topics like blockchain technology, cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).

The APPG evaluates:

• The benefits and challenges of adopting CBDCs in the UK.
• The role of digital assets and stablecoins in payments and financial systems.
• Strategies to regulate and integrate digital money into the existing financial framework.

The APPG aims to provide a platform for dialogue among policymakers, industry leaders, academics, and other stakeholders to:

• Examine the benefits and risks of digital financial innovations.
• Propose policy recommendations to ensure the UK remains at the forefront of the digital financial ecosystem.
• Foster understanding of how digital markets and money impact the economy, society, and financial inclusion.

Digital money encompasses:

• Central Bank Digital Currencies (CBDCs): Digital versions of fiat currency issued by central banks.
• Cryptocurrencies: Decentralized digital currencies like Bitcoin and Ethereum.
• Stablecoins: Cryptocurrencies pegged to stable assets like fiat currency or commodities.

The APPG discusses:

• Compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.
• Interoperability standards for digital market systems.
• The development of UK-specific regulations to maintain global competitiveness.

Participants include:

• Policymakers and parliamentarians.
• Industry leaders in blockchain, fintech, and finance.
• Academic researchers and think tanks.
• Advocacy groups and members of the publi

The APPG helps shape the UK’s position as a global leader in digital financial innovation by:

• Advocating for policies that balance innovation with regulation.
• Supporting research and pilot programs for technologies like CBDCs and tokenization.
• Promoting financial inclusion through digital financial tools.

Yes, the APPG frequently invites contributions from industry experts and the public through consultations, open hearings, and events. Public input helps shape the group’s recommendations and ensures a wide range of perspectives are considered.

Stakeholders can follow the APPG through its official website, newsletters, and events. Regular updates on activities, reports, and recommendations are shared to keep the public and industry informed.

The APPG discusses:

• Compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.
• Interoperability standards for digital market systems.
• The development of UK-specific regulations to maintain global competitiveness.

Regulation is essential to ensure that innovations in digital markets and money:

• Protect consumers and investors.
• Prevent financial crime, such as fraud or money laundering.
• Support financial stability while fostering innovation.