Connect with us

Hi, what are you looking for?


The UK government will introduce legislation to combat illegal financing

Quick Take

  • Prince Charles read out the Queen’s Speech today for the first time, as the Queen was unable to attend.
  • He said the UK’s government will introduce a bill to tackle illicit finance, but did not mention cryptocurrency.

The UK will introduce a bill to tackle illicit finance, Prince Charles said in the Queen’s Speech, as he marked the opening of Parliament.

“A bill will be brought forward to further strengthen powers to tackle illicit finance, reduce economic crime and help businesses grow. Measures will be introduced to support the security services and help them protect the United Kingdom,” he said.

There was no clear mention of cryptocurrencies, which were expected to be highlighted in the speech.

Earlier in the speech, Prince Charles said, “Measures will also be published to create new competition rules for digital markets, and the largest digital firms. “

The speech also highlighted a focus on the economy and on helping with the cost of living in the midst of the recent cost of living crisis. Further, the Bank of England will focus on returning inflation to its target.

The Queen’s Speech marks the start of a new Parliamentary session in the UK. The government writes and approves its content, which outlines upcoming government policy and the legislative program. This year marks a departure from tradition, however, as for the first time it was read by the Queen’s son, Prince Charles.



The crypto market is bracing for a potential surge as the U.S. presidential election nears, with experts offering bold predictions for Bitcoin’s price trajectory....


The launch of new spot Bitcoin (CRYPTO: BTC) ETFs in January was a watershed event for the crypto industry. Arguably, it was Wall Street’s biggest new product...


US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...