The amendment to the Financial Services and Markets Bill which was proposed to expand the law’s power to regulate the financial promotion and other activities of crypto assets has had its second reading in the House of Commons on 7 September. It is believed that the new bill could clarify the powers relating to financial promotion and regulated activities that can be relied on to regulate crypto assets and their related activities. Most crypto-related businesses currently fall outside of the UK’s regulatory perimeter, though they are required to apply for a license starting next year.