UK House of Lords votes for digital asset strategy
- —Lords backed the amendment to the Financial Services and Markets Bill 194–138
- —The strategy must cover crypto assets, stablecoins, and tokenized securities
- —The FCA regime will take effect on October 25, 2027, with applications from September 30, 2026
- —The government says a strategy already exists and is being implemented
Why it matters: The UK could get a unified government digital asset strategy, boosting competition with MiCA and the US for crypto business.
Source: CoinGeek