FSMB
548 προβολές
3 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
#crypto2023 News update:
U.K. parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country.
The approval of the Financial Services and Markets Bill ( #FSMB ) on Monday by Parliament’s upper chamber, the House of Lords, means the bill is going to enter the final stages before it is put into law.
#zachxbt #SEC #bitcoin
$BTC $SOL $USDC
U.K. parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country.
The approval of the Financial Services and Markets Bill ( #FSMB ) on Monday by Parliament’s upper chamber, the House of Lords, means the bill is going to enter the final stages before it is put into law.
#zachxbt #SEC #bitcoin
$BTC $SOL $USDC
Through the Financial Services and Markets Bill ( #FSMB ), stablecoin regulation in the UK is about to become a reality. This law, which recognises #stablecoins as a form of payment and acknowledges #cryptocurrencies as a regulated business, was just approved by the House of Lords.
#Parliamentarians in the United Kingdom have approved a new law that would classify cryptocurrency as a regulated industry there.
The Financial Services and Markets Bill ( #FSMB ), which was approved on Monday by the House of Lords, the upper chamber of Parliament, now moves on to the legislative process.
The comprehensive measure, which is over 340 pages long, was unveiled in July in an effort to make the most of #Brexit-related freedoms and give authorities more control over the British financial system. Although a proposal to regulate stablecoins within the nation's payment regulations was included in the initial bill, revisions to treat all cryptocurrency as a regulated activity and provisions to oversee #crypto advertising were introduced later as the bill moved through Parliament.
The Financial Services and Markets Bill ( #FSMB ), which was approved on Monday by the House of Lords, the upper chamber of Parliament, now moves on to the legislative process.
The comprehensive measure, which is over 340 pages long, was unveiled in July in an effort to make the most of #Brexit-related freedoms and give authorities more control over the British financial system. Although a proposal to regulate stablecoins within the nation's payment regulations was included in the initial bill, revisions to treat all cryptocurrency as a regulated activity and provisions to oversee #crypto advertising were introduced later as the bill moved through Parliament.