17:15 Jeff Smith (Labour)

I will conclude with an aside. In the week of COP27, we should probably note that cryptoassets are really bad for the environment. They require huge amounts of power and powerful computer calculations to verify the transactions. They are very carbon-intensive. Will the Government be clear with supporter bodies about at least the environmental impact of crypto technologies? I do not want to let COP27 week go by without mentioning the detrimental effect of crypto.

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