The UK to Pass a Law on the Crypto Market Before the End of 2023

The UK Treasury is aiming to have the law regulating cryptocurrencies in place before the end of 2023. Secretary of the Treasury, Andrew Griffith, has expressed in an interview with CNBC his interest in the speedy legalization of the blockchain industry and the digital asset market.

The approval of the final version of the bill should be completed by April, so that transactions with digital currencies may become legal as early as the next year.

Griffith has stated his desire to take full advantage of the opportunity before them, as Prime Minister Rishi Sunak had previously called for the formation of a regulatory framework for crypto transactions.

Therefore, London is looking to become a center for the development of the blockchain industry, and the adoption of the bill is a crucial step in this direction.