30 June 2023
UK Regulates Cryptocurrencies
The UK has officially implemented regulations for cryptocurrencies, surpassing the US in acceptance despite having a smaller user base. The Financial Services and Markets Bill (FSMB) received Royal Assent, recognizing crypto as a regulated financial activity. Economic Secretary Andrew Griffith believes this landmark legislation will support businesses, consumers, and drive growth. The bill also unlocks potential investment and fosters innovation, contributing to the country’s economic growth.