The United Kingdom Aiming for New Crypto Laws in 6 Months

The United Kingdom will pass stablecoins and crypto staking regulations within the next six months. Economic Secretary to the Treasury, Bim Afolami, emphasized the governments commitment to finalizing the legislation before the upcoming general election. Reuters noted that despite Prime Minister Rishi Sunaks vision to position the U.K. as a global crypto hub in 2022, concrete steps towards regulation have been limited. The governments focus on regulatory clarity has been a point of contention for crypto firms operating within the U.K. Challenges in Formulating Crypto Policies Amid...


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