Coinspeaker
UK Passes Legislation to Support Safe Adoption of Crypto Assets Post Brexit
Having successfully secured its independence from the European Union through Brexit, the United Kingdom (UK) continues to reorganize its internal policies to attract international investors and streamline bilateral trade. In the latest developments under the leadership of Prime Minister Rishi Sunak, the UK government announced the Financial Services and Markets Act 2023 was granted Royal Assent on Thursday. Under the economic legislation, the UK government passed to safely adopt the crypto assets.
The move comes after the European Union recently passed a comprehensive crypto adoption framework dubbed Markets in Crypto Assets (MiCA) regulation.
According to Economic Secretary to the Treasury, Andrew Griffith, the country is keen to reform its financial laws to accommodate the fast-growing trillion-dollar market in a regulated manner.
“This landmark piece of legislation gives us control of our finan
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