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UK government has included crypto adoption in their commitments for the next parliamentary year which was mentioned in the queen’s speech delivered on May 10 by Prince Charles. He also included the plans of the UK government to support the safe adoption of cryptocurrencies, in addition, to develop more power for seizing and recovering more crypto assets.

The top priorities of the UK government will include the growth of the economy, safer streets, and supporting the NH to clear COVID-19 backlogs. In the speech, he introduced 22 bills that will be introduced in different development sectors. Among these sectors, the UK government prioritizes economic growth across the country that will address the cost of living and high-skill jobs.

Following are the bills pertaining to cryptocurrency adoption and regulation are the following:

  • The economic offerings and marketplace payments ambitions to preserve and enhance the UK’s stature and role as a worldwide chief in economic offerings and for seizing the blessings of Brexit.
  • This bill also aims for different opportunities for innovative technologies in financial services which include safe adoption of cryptocurrencies and resilient outsourcing to technology providers.
  • The second bill includes digital markets, consumers, and competitions that will seek and create new competition rules for digital markets and the largest digital firms.
  • Another bill that includes crypto is the economic crime and corporate. This bill aims to keep a check and prevent criminals and terrorists from taking advantage and exploiting the country’s open economy.  
  • This will help in the growth of illicit money in the country and strengthen its reputation as a place where legitimate business can grow.


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