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UK government targets crypto in latest legislative agenda -Breaking

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The UK Government targets Crypto in its latest Legislative Agenda

As part of Prince Charles’ remarks at State Opening of Parliament, the United Kingdom introduced two bills concerning the seizing and supporting cryptocurrencies.

In a Tuesday publication released by the U.K. Prime Minister’s Office, the government It will tackle crypto regulation in the country through the Financial Services and Markets Bill and Economic Crime and Corporate Transparency Bill. The former aims to strengthen the country’s financial services industry, including by supporting “the safe adoption of cryptocurrencies.” According to the proposed financial services law, the measure will “[cut] red tape in the financial sector” in an effort to attract investors to the United Kingdom.