The UK Parliament’s House of Lords has moved forward with the Financial Services and Markets Bill aimed at strengthening the country’s financial services industry. While the original version of the bill included granting authority on digital asset regulation, the most recent amendments seemingly did not include any changes relevant to the crypto industry. The legislation will now go back to the lower house of the UK Parliament, the House of Commons, where members can consider any changes proposed by the upper house before being signed into law. The move is seen as potentially supporting the adoption of cryptocurrencies in the country. Meanwhile, global regulation of cryptocurrencies appears to be causing some firms to relocate, with crackdowns on exchanges such as Coinbase and Binance leading to legal issues.