The UK Parliament has adopted legislation to regulate stablecoins and #cryptocurrency aiming to establish the #UK as a global hub for #cryptoassets technology.
The law requires all enterprises cryptoassets to register with the Financial Conduct Authority (FCA) and empowers the #FCA to control cryptocurrency promotion. Royal Assent is required for the law , but it is expected to be signed by the Queen soon.
The UK already seeked the FSMB to grant regulators the authority to implement crypto laws, following Treasury consultation. The UK aims to catch up with the EU, having recently concluded its Markets in Crypto Assets law. The bill will be returned to Parliament for final approval, and then delivered to the King for enactment.
If the United Kingdom accept Cryptocurrency and stays , that's another reason we should expect a massive growth 📈💹 of #bitcoin etheruem and other altcoins.
Do you think #bitcoin action is coming to stay permanently in the United Kingdom ?
Let's hear your view at the comments 👇
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