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UK Lawmakers Vote to Recognize Crypto as Regulated Financial Activity

The lower house of the Parliament voted in favor of adding crypto to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins.

U.K. lawmakers have voted in favor of legally recognizing crypto as financial instruments. (Unsplash)
U.K. lawmakers have voted in favor of legally recognizing crypto as financial instruments. (Unsplash)