UK House of Lords Backs Digital Asset Strategy
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7 Articles
The House of Lords approved an amendment obliging the British Treasury to design a comprehensive strategy for cryptoactives, stablecoins, tokenized securities and digital financial infrastructure. The decision reflects the concern of several peers over the loss of competitiveness vis-à-vis the United States and the European Union, while the Bank of England redefines the rules for systemic stablecoins. *** The amendment incorporated into the Fina…
House of Lords approves, by 194 to 138, amendment obliging the UK Treasury to create strategy for digital assets in 12 months
UK House of Lords Supports Mandatory Digital Asset Strategy, Despite Labour Stance
The UK House of Lords has backed an amendment that would force the government to set out a formal digital asset strategy, even as the Labour administration voted against the proposal. The measure passed during Wednesday’s Report Stage of the Financial Services and Markets Bill by a 194–138 margin. The amendment—added to the bill in [...]
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BITRSSUK House of Lords backs mandatory digital asset strategy over Labour position
The amendment would require the UK Treasury to develop a strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure.
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