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PANews reported on March 26 that the UK Treasury and Bim Afolami MP jointly released the second tokenization report of the technical working group chaired by Michelle Scrimgeour. The report further explores the potential use cases for fund tokenization, particularly as collateral for money market funds, and the role of tokenized funds in a fully "on-chain" investment market, with the aim of simplifying back-office functionality. In addition, the report proposes that the next phase of work will focus on how the UK's investment management sector can take advantage of the opportunities presented by AI.

PANews reported on January 23 that according to The Block, Democratic leader Maxine Waters, of the US House of Representatives Financial Services Committee, sent a letter to Meta CEO Mark Zuckerberg and Chief Operating Officer Javier Olivan on Monday, expressing concerns about the company's five digital asset-related trademark applications filed in the past year. The projects applied for include the "Online Social Web and Dating" service, which allows the exchange of digital money, the design of computer hardware and software related to the Blockchain, "monetary transactions of Crypto Assets and other forms of Vitual Money" and much more. Waters said that before Diem finally shut down, she and other lawmakers wrote to Meta in 2019 asking for a moratorium on the continued development of Libra and Calibra (its proposed digital Wallet) due to privacy and national security concerns. In the letter, Waters said Meta staff also told the Democratic Committee in October that "Meta has no ongoing digital asset work, has not conducted or plans any work on Blockchain-based products or Stable Coins; has not worked with any partners to integrate Stable Coins or Crypto Assets into any payments or Metaverse products, and has not conducted research and development in this area." However, Waters said the Meta trademark application shows that Meta has not stopped the activity since shutting down Diem. Waters asked about the projects the company plans to undertake and whether the company "plans to launch a payment platform that supports Crypto Assets." The MP did not set a timetable for responding.

PANews reported on December 15 that according to CoinDesk, British MP Natalie Elphicke called on the government to make more use of blockchain technology. Speaking at an event hosted by the All-Party Parliament's Blockchain Technology Group in London, Elphicke said the UK should do more to explore the potential of blockchain technology, such as greater transparency in global supply chains or for digital identity and data purposes. Elphicke stressed the need for the UK to keep pace with international regulators and work with other countries on blockchain issues. While the UK has signaled that it wants to become a cryptocurrency hub, it has yet to make significant progress on blockchain policy. The UK plans to regulate the industry in phases, starting with stablecoin legislation to be introduced early next year. It's unclear when the UK will implement more blockchain policies, although a bill has recently been passed that paves the way for the use of blockchain technology to process trade documents.

In a report released on December 14, CryptoUK, a self-regulatory industry association, analyzed the remarks of British parliamentarians between 2022 and 2023 and found that only 37 parliamentarians specifically mentioned cryptocurrencies and blockchain, accounting for 5.7% of the 650 parliamentarians, indicating that most parliamentarians lack relevant knowledge of the crypto industry. CryptoUK noted that senior figures in the UK government who have mentioned cryptocurrencies and blockchain in 2023 include Andrew Griffith, MP and former Secretary of State for the Economy, and Lisa Cameron, a supporter of cryptocurrencies. A CryptoUK spokesperson said: "It is important that MPs from all parties and corners of the UK have a better understanding of the cryptoasset industry. Nearly 5 million people in the UK own some sort of crypto asset, while tens of thousands of people in the UK work in the industry, supporting the local economy and helping the UK economy grow. ”（Cointelegraph）

In a report released on December 14, self-regulatory trade association CryptoUK analysed the sentiment of UK MPs between 2022 and 2023 and found that only 37 MPs specifically mentioned cryptocurrencies and blockchain – 5.7% of the 650 MPs, suggesting that most MPs lack crypto-related knowledge. According to CryptoUK, some of the top figures in the UK government in 2023 include MP and former Economic Secretary Andrew Griffith and crypto supporter Lisa Cameron. A CryptoUK spokesperson said: "It is important that MPs from all parties and corners of the UK have a better understanding of the cryptoasset industry. Nearly 5 million people in the UK own some sort of crypto asset, while tens of thousands of people in the UK work in the industry, supporting the local economy and helping the UK economy grow. ”

Ukrainian lawmakers will debate two cryptocurrency tax bills as Kyiv looks to raise money from crypto traders, Golden Finance reported. Yuriy Boyko, a member of the State Commission on Securities and Stock Markets of Ukraine, confirmed that the regulator was the drafter of one of the bills. Boyko said that he believes that "experts from the Ministry of Finance and the State Tax Service are studying" the second bill. The author of the bill is MP Anton Shvachko,. At the same time, the regulator has not disclosed the full details of its proposal, but said it has worked with Ernst & Young (EY) and USAID's Financial Sector Reform Program to prepare it. The bill is currently in the consultation phase. Boyko noted that the Commission's draft law has received "nearly 200 comments," of which 33 have been "taken into account" in the revised version of the bill. The Commission's bill has been "verified to be in compliance with European law".

British MP Bim Afolami was appointed as the Minister of Economy for the UK Treasury on Monday, a position that includes responsibility for cryptocurrency and central bank digital currency (CBDC) policy, according to Golden Finance. Former Chancellor of the Exchequer Andrew Griffith has said he wants the UK to become a crypto hub despite the collapse of FTX, and has helped pass the Financial Services and Markets Act, giving regulators more crypto regulatory powers. Andrew Griffith will then lead the Department of Science, Innovation and Technology.

On the 15th anniversary of the release of the Bitcoin white paper, Canadian MP Joël Lightbound took the opportunity to address the Canadian Parliament to thank the anonymous creator Satoshi Nakamoto and advocate for people to study Bitcoin. Speaking in parliament, Lightbound revealed that he owns Bitcoin himself, but will not advocate for people to buy Bitcoin, but rather to study Bitcoin. He added that Bitcoin was born in the midst of the financial crisis, and over the years, Bitcoin has helped thousands of families avoid the tragedy of currency devaluation, and it represents the ideal of true progress.

Crypto-friendly Republican Representative Tom Emmer of Minnesota won the nomination for Speaker of the U.S. House of Representatives, though Emmer must then get at least 217 Republican votes in the House to be officially elected. Emmer has supported digital assets on many occasions and opposed the SEC and its chairman, Gary Gensler, to a coercive regulatory approach. （The Block）

Golden Finance reported that a British committee composed of members from different political parties hopes that the country's government will cooperate with the NFT market to solve copyright infringement issues and introduce a code of conduct to better protect creators, according to a report released on Wednesday. The organization began investigating NFTs in November. Ms Caroline Dinage MP, chair of the Culture, Media and Sport Committee, said artists were at risk of seeing the results of their hard work being fabricated and promoted without permission, in a fraudulent and misleading way Sexual advertising adds an extra layer of danger for investors involved in an already risky industry.

Golden Finance reported that on September 20, eight members of the British House of Lords and politicians delivered speeches to global leaders through the Metaverse on the opportunities and challenges brought about by the development of Web3 technology. Natalie Elphicke, a British MP and chair of the All-Party Parliamentary Group (APPG) on Blockchain Technology, appeared in the Metaverse in a unique incarnation and emphasized that Web3 represents a paradigm shift that restructures the structure of the Internet. In his subsequent keynote speech, Elphicke said that the UK has the potential to become a "smart country" that supports blockchain, but the country lags behind competitors in obtaining blockchain-related employment opportunities. The UK's top priority is Web3 industry growth and workforce planning, part of which is to make the UK an attractive job hub for Web3 founders, developers, programmers and companies. Elphicke called for the development of more national blockchain roadmaps and cooperation between countries. Elphicke also mentioned DeFi, saying that it brings unique challenges and opportunities to regulators and policymakers, and it is crucial to ensure the transparency, auditability and accountability of these ecosystems.

Golden Finance reported that South Korea’s People’s Power MP Sang-Hyun Yoon said regarding the “comprehensive investigation of MPs’ virtual assets” conducted by the Anti-Corruption and Civil Rights Commission that starting next week, the National Intelligence Service will begin investigating all virtual assets of MPs. However, there has been criticism that this will be a blind investigation because of the lack of family members included in the investigation. If the opposition parties don't respond, we in the People's Power Party should at least conduct a full investigation, including their families.

Jinse Finance reported that Sasha Ivanov, the founder of Waves, tweeted that 21.5 million XTN had been burned, and currently only a small number of XTN holders can be converted into L2 MP tokens to enjoy high annual interest rates. The Waves L2 white paper will be released next week.

Odaily Planet Daily News On Wednesday, the Israeli Knesset, or Knesset, passed a bill in preliminary deliberations to extend certain tax incentives applicable to Israeli high-tech companies to the country’s cryptocurrency industry. If the bill becomes law, the bill would exempt foreign residents from capital gains tax when they sell digital currencies and reduce the tax rate on employee cryptocurrency options (similar to stock options) from 50 percent to about 25 percent, the Israeli crypto currency. Presented by the Company Forum on Currency, Blockchain and the Web3 (ICBW3). The bill, which is backed by Prime Minister Benjamin Netanyahu's coalition government and is in line with his economic policies, aims to attract investors and businesses to Israel, according to Netanyahu's LeBron. Kurdish MP Dan Iluz said. Iluz said in a press statement: “To date, workers in the cryptocurrency industry pay twice as much in taxes on options as workers in traditional high-tech industries. Moreover, foreign investors in the blockchain industry have no Enjoy the same benefits as traditional high-tech investors." He also said: "This legal amendment aims to balance this situation and eliminate tax discrimination." (Coindesk)

US Senator Warren Davidson once again publicly stated that he would legislate to remove SEC Chairman Gary Gensler. He emphasized protecting U.S. capital markets from the SEC chairman and proposing a single piece of legislation to address abuses of power. He said he was advancing the legislation with MP Tom Emmer to ensure clear and consistent oversight for investors and the industry. He believes the SEC's priority should be protecting investors rather than the chairman's personal decisions. This is not the first time he has spoken out publicly. As early as April, he expressed his willingness to remove the chairman of the SEC. #财经##币环#

Golden Finance reported that as the cryptocurrency industry faces regulatory resistance, lawmakers in the United States and the United Kingdom are preparing to bring the discussion into the public domain. On June 13, the two countries will hold a hearing, marking a pivotal moment in the ongoing debate over digital asset regulation. The UK Parliament will debate the findings of the Cryptocurrencies and Digital Assets All Party Parliamentary Group (APPG) report on the need for cryptocurrency regulation. The debate, led by APPG Chair Dr Lisa Cameron MP, will begin at 11:00am BST. Later in the day, the House Financial Services Committee will hold a hearing entitled "The Future of Digital Assets: Providing Clarity to the Digital Asset Ecosystem" at 2:00 p.m. ET. The hearing is intended to focus the attention of lawmakers and the public on digital assets, their potential risks and benefits, and the role of governments in regulating them.