Bitcoin, Crypto Bill Passes House Of Commons In U.K. – Bitcoin Magazine

  • The Financial Services and Markets bill passes the House of Commons, heads to the House of Lords.
  • Draft bill seeks to establish digital assets, such as bitcoin, as regulated financial instruments.
  • Lawmakers are consulting with stakeholders and industry leaders throughout the process.

Legislators in the U.K. voted to recognize bitcoin and digital assets as regulated financial instruments earlier today, per a report from CoinDesk.

The lower house of Parliament known as the House of Commons read the previously discussed Financial Services and Markets bill which seeks to establish a framework for the ongoing regulation of digital assets.

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