UK government moves forward on financial markets bill for potential regulation of crypto

UK government moves forward on financial markets bill for potential regulation of crypto



After undergoing a third reading in the House of Lords, the Financial Services and Markets Bill will be returned to the lower house of the U.K. Parliament for members to review any potential modifications. Lawmakers in the upper house are advancing legislation to facilitate the acceptance of cryptocurrencies within the country.



During a House of Lords meeting on June 19, numerous members expressed support for the passage of the Financial Services and Markets Bill, which aims to strengthen the financial services industry in the United Kingdom. The bill completed its third reading in the House of Lords, which is one of the final stages before it can be amended further and enacted into law.



Lawmakers stated that the proceedings on June 19 were intended to "clean up" the bill and ensure its effectiveness. It will now return to the


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