Bitcoin, Crypto Bill Passes House Of Commons In U.K. – Bitcoin Magazine

Bitcoin, Crypto Bill Passes House Of Commons In U.K. – Bitcoin Magazine

October 25, 2022 by keithhill530
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[ad_1] The Financial Services and Markets bill passes the House of Commons, heads to the House of Lords. Draft bill seeks to establish digital assets, such as bitcoin, as regulated financial instruments. Lawmakers are consulting with stakeholders and industry leaders throughout the process. Legislators in the U.K. voted to recognize bitcoin and digital assets as
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  • The Financial Services and Markets bill passes the House of Commons, heads to the House of Lords.
  • Draft bill seeks to establish digital assets, such as bitcoin, as regulated financial instruments.
  • Lawmakers are consulting with stakeholders and industry leaders throughout the process.

Legislators in the U.K. voted to recognize bitcoin and digital assets as regulated financial instruments earlier today, per a report from CoinDesk.

The lower house of Parliament known as the House of Commons read the previously discussed Financial Services and Markets bill which seeks to establish a framework for the ongoing regulation of digital assets.

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