MPs are set to vote on the Tobacco and Vapes Bill today, which the health secretary calls an “urgent intervention” to help children “avoid a life imprisoned by addiction”.
The proposed law looks to clamp down on the sale and advertising of vapes to young people, as well as provide more funding for stop-smoking services.
Health Secretary Wes Streeting said the amount of children vaping “is growing at an alarming rate and without urgent intervention, we’re going to have a generation of children with long-term addiction”.
“It is unacceptable that these harmful products are being deliberately targeted at children with brightly coloured packaging and flavours like ‘gummy bear’ and ‘rainbow burst’,” he added.
“The Tobacco and Vapes Bill provides the protection that children and young people need to avoid a life imprisoned by addiction.
“That’s why it’s so incredibly important it is voted through.”
Image: Wes Streeting said the sale of sweet vape flavours is ‘unacceptable’. File pic: PA
What does the bill include?
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A total ban on vape advertising and sponsorship will be brought in should the bill pass, with a possible ban on the sale of sweet vape flavours also on the table subject to consultation.
Anyone born after 1 January 2009 will also be prevented from legally smoking by gradually raising the age at which tobacco can be bought.
The sale of all vaping and nicotine products to those under 18 years old – including nicotine pouches and non-nicotine vapes – would also be banned.
Powers would also be provided to councils in England, Wales and Northern Ireland to introduce a licensing scheme for retailers to sell tobacco, vape and nicotine products.
It would also include on-the-spot fines of £200 for any shopkeepers found to be selling to those underage, and provide stop smoking services with £70m in funding.
Another proposed stop-smoking measure would see hospitals asked to talk about smoking with patients while delivering routine care, “making every clinical consultation count”.
Around £10m will also be given to Trading Standards – which seized more than a million illegal vapes in 2023/24, according to National Trading Standards data – to crack down on illegal trade.
No ban on smoking in pub gardens
The bill would also give the government power to extend the indoor smoking ban to outdoor spaces – with children’s playgrounds, outside schools and hospitals all being considered in England.
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Pub garden smoking ban plan dropped
The prime minister said at the time it was aimed at reducing the 80,000 preventable deaths from smoking in the UK each year, but it caused an outcry within the hospitality industry.
However, earlier this month Mr Streeting confirmed to Sky News that the government would not go ahead with plans to ban outdoor smoking and vaping in pub gardens.
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NHS to offer ‘game-changer’ pill
Varenicline, a pill taken once a day, can be more effective than nicotine-replacement gum or patches, and as effective as vapes, in helping people to stop smoking, according to NHS England.
It is said to reduce cravings and the pleasurable effects of nicotine that keep people addicted.
Recent efforts to “debank” crypto firms in the US revealed a “staggering” level of corruption among government officials, and the problem is not yet resolved, one banking executive said in a Feb. 27 interview during Bitcoin Investor Week.
“The magnitude of skullduggery that is happening in Washington D.C. is really incredible… and it’s not over yet,” Caitlin Long, Custodia Bank’s founder and CEO, said during a panel at the event.
In 2023, the US Federal Reserve, which regulates banks, stymied Custodia’s efforts to service crypto firms by denying the bank access to a master account, citing Custodia’s involvement in “crypto-asset-related activities.”
A master account would allow the bank to custody assets directly with the central bank and access payment rails for inter-bank transfers. Custodia took legal action against the Fed in a bid to reverse the decision.
Custodia Bank CEO Caitlin Long speaks at Bitcoin Investor Week. Source: Cointelegraph
Industry outrage over alleged debanking reached a crescendo when a June 2024 lawsuit spearheaded by Coinbase resulted in the release of letters showing US banking regulators asked certain financial institutions to “pause” crypto banking activities.
US President Donald Trump, who started his term on Jan. 20, has criticized the prior administration’s approach to crypto-friendly banks and vowed to better integrate cryptocurrencies, including stablecoins, into the regulated financial system.
In a Jan. 23 executive order, Trump told agencies to prioritize “fair and open access to banking services” for digital asset firms.
Stablecoin scrum
However, the battle for regulatory clarity isn’t over, Long said. Instead, it has evolved into a multi-directional fight among different types of stablecoin issuers seeking preferential rules, she said.
There is an ongoing “scrum between the big banks… and the incumbent stablecoin issuers, and then there’s Tether,” which is not based in the US, Long said.
The result has been “this incredible flow of money that has gone from the banks and the crypto industry to people in [Washington] D.C., and they’re all going to fight,” Long said.
“I don’t know how it’s going to come out,” she added.
The Finance Ministry of Pakistan is considering forming a “National Crypto Council” to explore the legalization of cryptocurrencies in the country, according to a report from local publication Dawn. The change in position came after Finance Minister Muhammad Aurangzeb had a meeting on digital assets with a foreign delegation that included US President Donald Trump’s advisers.
According to the report, the crypto council will be made up of key government representatives, regulatory authorities and industry experts. It will oversee policy development, address regulatory challenges, and ensure that the country’s crypto ecosystem evolves in a sustainable and secure manner.
Pakistan has over 20 million residents involved in crypto, but they face significant challenges, including high transaction fees. Aurangzeb directed the stakeholders to create a framework that would ensure economic viability and regulatory compliance while protecting against financial crimes and illicit activities.
Pakistan’s preliminary move to legalize cryptocurrency is in line with global trends. The United States, Europe, the United Arab Emirates and other countries have taken preliminary steps over the past year to increase industry regulation, which may increase innovation while bettering consumer protection.
In years past, the Finance Ministry and State Bank of Pakistan opposed the idea of cryptocurrencies. Aisha Ghaus Pasha, a previous Pakistani Minister of State for Finance and Revenue, once said that cryptocurrencies would never be legal in the country and that the State Bank sought to ban all cryptocurrencies in January 2022.
However, Finance Minister Aurangzeb asked authorities to approach the legalization and regulation of crypto in the country with “an open mind.” In November 2024, the State Bank of Pakistan announced a package of proposals that would have paved the way for a central bank digital currency, or CBDC, and the buying, selling and trading of crypto.
According to Dawn, the foreign delegation that met with Aurangzeb included Gentry Beach Jr., a business associate of President Trump; Nikita Goldsmith, a tech entrepreneur; Alex Malkov, a consultant for blockchain firms; and Jerad Finck, CEO of Cosmic Wire. The delegation’s visit was not announced by the US Embassy.
Texas Senate Bill 21 (SB-21), establishing a Bitcoin and cryptocurrency strategic reserve, passed the Texas Senate Banking Committee on Feb. 27 in a 9–0 vote and now advances to the Senate floor for further deliberation.
The bill gives the Texas Comptroller of Public Accounts the authority to acquire, sell and trade any investment “that a prudent investor exercising reasonable care, skill, and caution would acquire.” The bill also read:
“Bitcoin and other cryptocurrencies can serve as a hedge against inflation and economic volatility, and the establishment of a strategic bitcoin reserve serves the public purpose of providing enhanced financial security to residents of this state.”
Several US states have pending Bitcoin (BTC) strategic reserve bills, including Oklahoma, Arizona and Utah, to diversify state financial reserves and hedge against rising US dollar inflation.
Page one of SB-21 establishing a Bitcoin and digital asset reserve. Source: Texas State Senate
Texas Bitcoin strategic reserve bill gets overhaul
The Texas strategic Bitcoin reserve legislation was introduced by State Senator Charles Schwertner in January 2025 as a Bitcoin-only bill that omitted the acquisition of other digital assets.
President Trump signs an executive order on cryptocurrencies. Source: The White House
Nexo analyst Iliya Kalchev told Cointelegraph that the Feb. 18 public hearing for SB-21 was symbolic and was not a major BTC adoption or price catalyst.
Kalchev added that unless specific policies were enacted — like the state of Texas actively acquiring BTC as part of its portfolio — the markets would have a lukewarm response to the news.
Pierre Rochard, a Bitcoin advocate and vice president of research at mining company Riot Platforms, testified at the hearing for SB-21, arguing for a BTC strategic reserve.
The executive said that while Texas currently has a flourishing economy, it must be prepared for future economic downturns and fiscal uncertainty.
“Public trust and financial institutions have eroded due to a lack of transparency, but Bitcoin is a unique asset because it is fully auditable,” the executive added.