The UK Legislative Council passes a new law restricting cryptocurrency advertisements

ChainCatcher news, according to CoinDesk, the UK House of Commons committee has passed new legislation to restrict cryptocurrency advertising and prohibit unauthorized operators from providing services, which has now been officially incorporated into the government's Financial Services and Markets Bill.

The initial draft of the bill focused on limiting stablecoin issuers, and the newly approved provisions on Thursday may expand existing rules to prevent unauthorized cryptocurrency providers from promoting or offering financial services. (CoinDesk)