Amendment of UK financial services bill focuses on crypto regulations
Join Our Telegram channel to stay up to date on breaking news coverage The United Kingdom is set to consider an amendment to the Financial Services and Markets Bill. This amendment will extend the powers of the law so that it also focuses on regulating financial promotion alongside other activities related to crypto products. UK financial services bill targets crypto regulations The amendment of this bill was written by Andrew Griffith, a Member of Parliament and Financial Secretary to the Treasury. The bill comprises 335 pages, and it was introduced in July. The bill will have its second reading in the House of Commons on September 7. An explanatory statement from the company has also added that the bill will focus on providing regulatory clarity on the matter. The statement adds that the bill will, Clarify that the powers relating to financial promotion and regulated activities can be relied on to regulate cryptoassets and activities relating to cryptoassets. Crypto r...