Following the appointment of the new prime minister in the UK, who is a pro-crypto-enthusiast, the lower parliament house of the state assembly votes in favour of regulating virtual assets as per the Financial Services and Markets Bill.
Lawmakers favoured the amendments to the bill that the parliamentarian Andrew Griffith presented on October 25. The proposed legislation generally depends upon the UK’s Post-Brexit policies for economics and is revised to regulate digital assets like other financial services.
This move comes amidst the country facing economic issues like currency inflation, and the crypto-friendly Rishi Sunak took the position as the newly elected PM of England last week.
Similarly, if approved, the proposed amendments to the 2022 bill will authorize the powers Treasury Department to cover the developments and regulation of the crypto sector in an “agile” way to extend the…
