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UK’s New Financial Law to Regulate Crypto, Includes Provisions for 'Crypto Hub'

The United Kingdom on Thursday officially passed legislation to regulate cryptocurrencies and stablecoins as part of its broader financial regulatory reforms post-Brexit. The new law, dubbed the Financial Services and Ma...

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UK’s New Financial Law to Regulate Crypto, Includes Provisions for 'Crypto Hub'
The United Kingdom on Thursday officially passed legislation to regulate cryptocurrencies and stablecoins as part of its broader financial regulatory reforms post-Brexit.
The new law, dubbed the Financial Services and Markets bill, will grant regulators the authority to establish a tailored framework for the digital asset sector, supporting crypto’s “safe adoption in the UK,” a press release from the UK Treasury said....
Read More: UK’s New Financial Law to Regulate Crypto, Includes Provisions for 'Crypto Hub'

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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