last week in the UK Financial Services and Markets ActI am currently in the scope of the bill, which aims to extend the payment rules to stable currencies. cryptocurrency arrangements were made.
British Minister Andrew Griffith made the change to include cryptocurrencies in the law in question.
British lawmakers voted yesterday for the bill, which also includes crypto currency rules.
The House of Commons, the lower house of the UK Parliament, met yesterday for the Financial Services and Markets Act, and the bill was passed in the lower house.
If the bill becomes law, additional changes to cryptocurrencies will provide the UK with a more comprehensive regulatory framework for crypto.
Cryptocurrencyallowing them to be added to the bill British City Secretary Andrew Griffith In his speech he said:
“The main point here is to treat cryptocurrencies like other types of financial assets and not to prefer cryptocurrencies, but to regulate them for the first time.
The inclusion of crypto in the scope of this bill will enable the country’s treasury to respond quickly to developments in the crypto sector and be equipped to deliver regulation in an agile manner consistent with the country’s approach to regulating the financial services sector. “
In order for the bill to become law, it must first pass the House of Lords, the upper house of the Parliament, and then King III. He must receive royal assent from Charles.
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