NEW: Lawmakers in UKHouseofLords have voted for the new Financial Services and Markets Bill, which proposes regulating crypto and stablecoins under existing laws. camomileshumba reports.
that has a predominant focus on stablecoins.
Next, the FSMB will be returned to the lower house of Parliament to agree on a final version. Once both houses agree on the document, it will be sent to the King to be approved and passed into law. The bill can be sent back and forth between the chambers of Parliament until a consensus is reached.
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