In other developments, lawmakers have voted in favor of recognizing cryptoassets as regulated financial instruments — a move that could legitimize the sector and reduce uncertainty for firms.
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British crypto firms "desperately need clarity" on policy, a group of lawmakers has warned.
The Crypto and Digital Assets All Party Parliamentary Group is urging the government to step up and "deliver on its vision" for the sector.
All of this comes one day after Rishi Sunak was appointed prime minister.
While Sunak has attracted criticism because he supports central bank digital currencies, he had proposed a number of pro-crypto policies while he was finance minister.
They included recognizing stablecoins as a valid payment method, and getting the Royal Mint — which issues British coins — to release its very own NFT.
Yesterday, the House of Commons voted in favor of recognizing cryptoassets as regulated financial instruments.
Treating them like other types of assets could help eliminate some of the gray areas that currently exist, and help legitimize the sector.
It's important to stress that this vote is actually unrelated to Sunak's new role as PM, and it's been in the works for several months.
