UK Nears Milestone in Cryptocurrency Regulation as Economic Crime and Corporate Transparency Bill Approaches Final Approval

The United Kingdom is nearing the culmination of a lengthy legislative journey, focusing on the regulation of cryptocurrency. The Economic Crime and Corporate Transparency Bill, set in motion last September, is reaching its critical phase of approval in the House of Lords. This legislation was crafted to address concerns surrounding financial crimes linked to digital currencies. Over the span of a year, it journeyed from its origins in the House of Commons, undergoing numerous evaluations, and is currently stationed at the House of Lords awaiting final consensus. As the Lords analyzed...


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