UK CRYPTO, STABLECOIN RULES RECEIVE ROYAL ASSENT, PASSING INTO LAW

Summary from the TLDR Crypto newsletter

The UK has turned a bill into law that enables financial regulatory supervision over crypto and stablecoins. Approved by King Charles, the Financial Services and Markets Bill grants more power to financial regulators, attempting to create a path for safer adoption of crypto assets in the UK. The law views all crypto as regulated activity and allows for supervision over crypto promotions. It also includes stablecoins under its payments rules. This move aligns with the government's plans, revealed earlier this year, to make the UK a hub for cryptocurrency.