UK Government Supports Crypto in Latest Legislative Agenda

📣 #UKGovernment Supports Crypto in Latest #LegislativeAgenda

👉 The #UnitedKingdom has introduced two bills, both concerning the seizure of and support for #cryptocurrencies as part of Prince Charles’ remarks at the State Opening of #Parliament.

👉 The #Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies” as well as the authority to “seize and recover #cryptoassets.”

👉 According to the proposed #financialservices law, the measure will regulate the financial sector in an effort to attract investors to the United Kingdom.

👉 The crime bill proposed “creating powers to more quickly and easily seize and recover crypto assets” to mitigate risks for individuals targeted by ransomware attacks.

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