British government will address the issue of cryptocurrencies
The Parliament plans to bring a "safe adoption of cryptocurrencies" and create security against the possibility of ransomware attacks against users
The UK will soon address cryptocurrency regulation with the introduction of the Financial Services and Markets Bill and the Economic Crimes and Corporate Transparency Bill.
The former aims to strengthen the country’s financial services industry, including by supporting “the safe adoption of cryptocurrencies.” Under the proposed financial services bill, the move will “reduce red tape in the financial sector” in an effort to attract investors to the UK.
This proposal consists of “creating powers to more quickly and easily seize and recover crypto assets” in order to dissipate the risks of people who are targets for ransomware attacks. The publication said that the social and economic costs due to financial crimes were estimated at more than 10.3 billion dollars at the time of publication.
This Tuesday, there was an event that had not occurred since 1963: the absence of the Queen at the beginning of Parliament due to mobility problems. However, the Prime Minister’s Office continued to refer to the legislative agenda addressing economic issues, crime, the ongoing pandemic and leadership as “the Queen’s speech”. Prince William and the Duchess of Cornwall also attended.
K. Tovar
Source: Cointelegraph
