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UK parliament officially recognizes crypto

Photo: Getty Images

Vote signals another step in the direction of widespread acceptance and shakes crypto markets.

The British parliament acknowledged cryptocurrency as a regulated financial instrument this week, in a further move to make the UK a “cryptoasset technology hub”.

In 2021, then Chancellor Rishi Sunak announced his support for central bank digital currencies (CBDCs), saying banks across the world were looking into what a digital

“Governments

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