UK Regulations, Voted “YES” to Crypto

Crypto Market pump up because something big just happened. This week, lawmakers in the UK voted yes to recognizing crypto assets as another financial instruments on Tuesday, October 25, 2022.

This is a literal good news to the crypto world, and the result of it are already showing up on the trend, because some stable coins and others are already pumping up massively last night.

Title: UK Regulations, Voted “YES”
To Crypto
Published Date: October 26, 2022
Author: alykavinsky 

Although we know that other countries started to ban cryptocurrency like China, Columbia, Egypt, Indonesia, Bangladesh and many more, United Kingdom on the other hand, stepped up their game and finally favored to crypto as a regulated financial services in their country.

The UK’s House of Commons and The Parliament’s lower house reportedly met on Tuesday, to read the so called “Financial Sevices and Markets Bill” which also covers the UK’s post-Brexit economic strategy.

This crypto related bill was put forward by the parliamentarian Andrew Griffith.

He serves as the Financial Secretary to the Treasury and City Minister. He’s a former media executive and a member of The Parliament for Arundel and South Downs since the year 2019.

His proposed bill regarding crypto is also a step to prove the benifits and the risk of cryptocurrency by posing different crypto activities. But, take note that it isn’t just a simple bill regarding digital currencies, because their Treasury has already prepared everything that’s needed just to response to the fast-changing market trend of crypto. They are already equipped to respond to whatever the development on crypto sector might happen in the future.

However, this bill has still quite a long way to go before it will finally passed as a law in United Kingdom. The next step is, it is needed to go through to the House of Lords and The Upper House of The Parliaments before it will be given a final consideration and an approval by the new King, Charles III.

If this bill has finally passed as a law, for sure, the crypto market will bounce back, and will regain its reputation once again. A lot of factors like the Russia and Ukraine war impacted the fall of cryptocurrency already, and this bill might be a biggest game changer in crypto sector. Although, things are just starting to heat up with regards to this matter, the market are responding pretty well already, and it might be the beginning of a better days for cryptocurrency once again.

Well, as they say, there is no such thing as the so called “Crypto Expert”, and I’m to far from everything that some knowledgeable folks has gained with regards to this matter, but these, are a bunch of my own opinion and nothing more. It’s up to you if you’re going to take this one seriously. *winked

Hi there. There’s nothing much in here, but thanks a lot for dropping by in this article of mine. Until our next read.

Have a good day, you beautiful people!

Adiós!