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This news item is part of the weekly top 5 news bulletin (from Week 1, Nov 2022) specially packaged for leaders of Nonprofits, Churches, and Faith-based Social Ventures.

[Web3] UK's Lower House of Parliament votes in favor of Crypto

In our web3 news this week, we have news about UK, United Kingdom’s lawmakers in the lower house of the Parliament voted in favor of recognizing cryptocurrency as a regulated financial instrument. And this is a significant step in the Web3 world where crypto is a big part of the whole Web3 ecosystem and every regulation like this, especially in a major economy, has an impact on how this shapes up for the future.You will be interested to know that Rishi Sunak, who is now the UK newly elected Prime Minister. When he was a finance minister during his tenure, he had unveiled a plan to make the country as a hub for cryptocurrencies. So now he’s the prime minister and then this goes through the Parliament. It’s all interesting.

Here is the full list of the Top 5 News Items from Week 1, November 2022 with source links from Google, LinkedIn, Meta, YouTube, Web3.

🗞️ News 1: Meta brings Reels to Facebook Groups; announces new community tools 

Source: Meta

🗞️ News 2: YouTube rolls out design changes to platform including Ambient Mode

Source: YouTube

🗞️ News 3: LinkedIn continues to grow in both revenue & engagement, says Microsoft

Source: LinkedIn

🗞️ News 4: Google launches My Ads Center, giving users better control over the ads

Source: Google

🗞️ News 5: [Web3] UK’s Lower House of Parliament votes in favor of Crypto

Source: Coindesk

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