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Uk has been dealing with economic issues such as inflationary concerns to the energy crisis along with the resignation of Prime Minister Liz Truss. Amidst this situation, lawmakers in the UK voted to recognize cryptocurrencies as regulated financial instruments and products.During the discussion of the bill, the UK discussed the inclusion of cryptocurrencies as regulated financial services, which was put forth by Andrew Griffith. The bill includes the regulatory details for the inclusion of stablecoins.According to Griffith, he stated that “The substance here is to treat them [crypto] like other forms of financial assets and not to prefer them, but also to bring them within the scope of regulation for the first time,”#KOMNews #kommunitas #kommunitasnet #uk #financial #instrument #crypto #cryptopayment #services #cryptonews #cryptoupdate #cryptocurrency #blockchaintechnology<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1b025ddecc694dc1b75a8d32de096067.png" /><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cfb9fe74e0bb4324bebd0b1247dfc890.png" />

UK Votes in Recognizing Crypto as Financial Instrument

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