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UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law

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BREAKING: A landmark U.K. finance bill that will recognize crypto as a regulated financial activity in the country has passed into law with King Charles giving it the final approval. By camomileshumba and jackshickler

A U.K. bill giving regulators the power to supervise crypto and stablecoins was approved by King Charles Thursday, marking the last formal stage that makes the bill law.

Royal assent, a purely procedural step following agreement from lawmakers, makes the Financial Services and Markets Bill an Act, and includes measures to bring crypto and stablecoins into the scope of regulation.The Act"gives us control of our financial services rulebook," following the U.K.'s exit from the EU, enabling regulation of crypto assets to support their safe adoption in the U.K.

 

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