The U.K. Promises New Laws to Promote and Regulate Cryptocurrency

Price Charles, the heir to the throne of the U.K., opened the new session of Parliament with the Queen's Speech, announcing the government's legislative program. One new law aims at "supporting the safe adoption of cryptocurrencies". A separate Economic Crime and Corporate Transparency Bill will create "powers to more quickly and easily seize and recover crypto assets, which are the principal medium used for ransomware".