This Vote Could Turn the UK into the Top Global Crypto Hub
Join Our Telegram channel to stay up to date on breaking news coverage The UK crypto industry is about to change following a series of changes over the past week. One of these changes is a bill passed proposing to have cryptocurrencies such as Bitcoin and Ether as financial instruments . UK to become a global crypto hub The recent economic and political turmoil in the United Kingdom has affected many industries, including the crypto space. On October 25, the UK parliament convened to discuss the proposed Financial Services and Markets bill focused on promoting economic recovery following Brexit. There are several amendments to this bill, one of which recognizes Bitcoin and other cryptocurrencies as regulated financial instruments . Andrew Griffith, the financial services and city minister in the UK, proposed that crypto assets must be regulated similarly to other financial assets. If crypto assets are brought under UK regulatory scope, it will be good news for the country...