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The UK finance ministry released draft rules on Wednesday to regulate the troubled crypto industry, aimed at addressing the risks posed by the sector, as highlighted by the recent collapse of exchange FTX.
#uk #crypto2023 #draft #cryptobill #cryptoonindia
#uk #crypto2023 #draft #cryptobill #cryptoonindia
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GOODNEWS FOR THE PEOPLE LIVING IN UK.
Over the last several years, the digital asset sector has grown immensely. The development has seen a host of countries embrace cryptocurrency adoption and the continued growth of the sector.
Yet, that has also required nations to establish their own specified regulatory stance on the asset class.
That process has been a continuous one. Yet, it has been crucial with the rapid growth of the currencies and those adopting them.
Amid that process, the UK government has officially introduced a bill that clarifies cryptocurrency as personal property.
Indeed, the legislation was devised to increase investor’s protection in regard to digital finance options.
What other country will you like this bill to be passed?
IMO: The Federal Republic of Nigeria 🇳🇬 should follow suit.
#UK
#cryptobill
#USDataImpact
#unemployment
#USNonFarmPayrollReport
Over the last several years, the digital asset sector has grown immensely. The development has seen a host of countries embrace cryptocurrency adoption and the continued growth of the sector.
Yet, that has also required nations to establish their own specified regulatory stance on the asset class.
That process has been a continuous one. Yet, it has been crucial with the rapid growth of the currencies and those adopting them.
Amid that process, the UK government has officially introduced a bill that clarifies cryptocurrency as personal property.
Indeed, the legislation was devised to increase investor’s protection in regard to digital finance options.
What other country will you like this bill to be passed?
IMO: The Federal Republic of Nigeria 🇳🇬 should follow suit.
#UK
#cryptobill
#USDataImpact
#unemployment
#USNonFarmPayrollReport
