On October 25, the United Kingdom advanced the Financial Services and Markets Bill, solidifying its vision for Bitcoin cryptocurrency and “digital settlement assets” in the country. The bill proposes “a range of measures to maintain and enhance the U.K.’s position as a global leader in financial services, ensuring the sector continues to deliver for individuals and businesses across the country.” The bill reaffirms the United Kingdom’s intention to become a global cryptocurrency hub, as stated by Lisa Cameron, a member of parliament and chairperson of the Crypto and Digital Assets All-Party Parliamentary Group.
