⚡ UK Crypto Regulations Including Stablecoins Coming in 2025
posted 5 hr ago
The United Kingdom is set to introduce a draft of comprehensive crypto regulation rules in early 2025.
According to Bloomberg, Prime Minister Keir Starmer’s government aims to keep pace with developments in the crypto sector in the US and Europe.
At City & Financial Global’s Tokenisation Summit in London, the Economic Secretary to the Treasury, Tulip Siddiq, said the framework would cover stablecoins and crypto-staking services.
According to Bloomberg, Prime Minister Keir Starmer’s government aims to keep pace with developments in the crypto sector in the US and Europe.
Rules on stablecoins and crypto staking were initially expected to be passed in the summer of 2024, but the general election delayed the process.
Siddiq mentioned in her speech that the new rules will consider stablecoins outside the UK’s existing payment services regulations, as they do not align with the assets’ current use cases.
Regarding staking, which allows investors to lock up tokens to support Proof-of-Stake blockchains, Siddiq stated that the process should not face excessive scrutiny.
Siddiq mentioned in her speech that the new rules will consider stablecoins outside the UK’s existing payment services regulations, as they do not align with the assets’ current use cases.
Regarding staking, which allows investors to lock up tokens to support Proof-of-Stake blockchains, Siddiq stated that the process should not face excessive scrutiny.
For me, it doesn’t make sense for staking services to have this treatment,” Siddiq said. “The government intends to proceed with removing this legal uncertainty accordingly.
Clear crypto regulations are especially important for startups and fintech companies in the UK. The lack of clear rules has caused uncertainty, slowed growth, and discouraged investment. These long-awaited regulations could bring clarity, support innovation, and help the UK stay competitive in the global crypto market.
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