UK Set to Pass Crypto and Stablecoin Regulations

The Financial Services and Markets Bill (FSMB) has been approved by both the House of Commons and the House of Lords, and is now in the final stages of becoming a law. Consideration of Amendments and Royal Assent are the last steps before the bill is passed.

Amendments to the bill will be made by the House of Commons and approved or denied by the House of Lords. Once the bill is approved by the Monarch, it will become a law.