The UK House of Commons voted in favor of bringing crypto assets under the country's regulated financial services

ChainCatcher news, according to CoinDesk, the UK House of Commons held a meeting on Tuesday to interpret the proposed Financial Services and Markets Bill, which reviewed an amendment proposed by MP Andrew Griffith to include crypto assets within the scope of regulated financial services in the country. The draft bill includes measures to extend existing regulations to payment-centric stablecoins.

Griffith stated, "The essence of the bill is to treat cryptocurrencies like other forms of financial assets, rather than favoring them, marking the first time they are included in the regulatory framework."

It is reported that House of Commons members essentially voted in favor of keeping the amendment in the legislative proposal. The bill must also be submitted to the House of Lords for final review of the amendment, followed by approval from the King of the United Kingdom. (CoinDesk)