UK Lawmakers Vote in Favor of Recognizing Crypto as Regulated Financial Instruments

The House of Commons, the lower house of UK Parliament, met on Tuesday to consider a list of proposed amendments to the proposed Financial Services and Markets Bill, which included an amendment put forward by parliamentarian Andrew Griffith to include crypto assets in the scope of regulated financial services in the country. The amendment was kept in the legislative package after the lawmakers voted in favor of it.

Next, the bill needs to go through the House of Lords, the upper house of the Parliament, before the amendments are given a final consideration followed by royal approval by King Charles III, to become law.