UK CRYPTO, STABLECOIN LAWS APPROVED BY PARLIAMENT'S UPPER HOUSE

Summary from the TLDR Crypto newsletter

The UK Parliament has approved the Financial Services and Markets Bill, which could help set a regulatory framework for the country. Introduced to leverage post-Brexit freedoms and empower regulators over the UK financial system, the bill is now entering its final stages before enactment. While the bill initially proposed to regulate stablecoins, amendments to cover all crypto activities and supervise promotions were later included. With the bill's approval, specific rules for the crypto sector could arrive within a year, as the UK seeks to align with the EU's crypto regulations.