UK authorities recognize crypto assets as financial instruments
The bill includes the government's comprehensive economic strategy for the post-British exit from the European Union
26.10.2022 - 15:15
871
1 min
0
What’s new? The UK authorities approved the inclusion of cryptocurrency assets in the Financial Services and Markets Bill. This involves recognizing crypto assets as regulated financial instruments. The document represents the government's comprehensive economic strategy for the post-British exit from the European Union.
How did the developments develop? Legislator Andrew Griffith proposed the inclusion of crypto assets as regulated financial services during the House of Commons. Prior to this amendment, the document already contained mechanisms aimed at regulating stablecoins.
Crypto regulation would extend to unauthorized firms operating in the UK Griffith's proposal would allow the Treasury to introduce regulatory mechanisms in a timely manner as the cryptocurrency market evolves.
In April, former finance minister and current UK prime minister Rishi Sunak took the initiative to create and issue NFTs at the Royal Mint. In mid-October, it became known that the UK government would make it easier for law enforcement agencies to seize cryptocurrency assets that had been used to finance terrorism.
Earlier, the government passed a bill that would use blockchain as a document storage solution. It would make digital records legally recognized, reduce administrative costs and facilitate cross-border payment processes for British firms.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$74 474
BTC
+1.27%
-
Ethereum
$2 078.73
ETH
+1.55%
-
BNB Smart Chain
$685.95
BSC
+1.75%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.316935
TRX
-0.3%
-
Zcash
$999.37
ZEC
-3.68%
-
Dogecoin
$0.068452
DOGE
+1.6%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Polkadot
$3.32
DOT
+5.27%