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Cointelegraph: Regulation of crypto activities by amendment to UK financial services bill


Regulation of crypto activities is provided by amendment to the UK financial services bill

An amendment to the Financial Services and Markets Bill now before the United Kingdom’s parliament would extend the law’s powers to regulate financial promotion and other activities to crypto assets. Andrew Griffith, Member of Parliament, and Financial Secretary to Treasury, drafted the amendment.

The bill of 335 pages was introduced in July. On Sept. 7, it received its second reading in House of Commons. The explanatory statement states that the bill is as follows: Begin with It would: