UK Government to Implement Stablecoin and Staking Rules in Coming Weeks, says Economic Secretary Bim Afolami
The U.K. government is expected to implement stablecoin and staking secondary legislation in the coming weeks, according to Economic Secretary Bim Afolami. However, with a general election expected in the second half of the year, there may not be enough time for the current ruling party to implement all of the crypto measures they promised. The Conservatives have previously stated their desire for the U.K. to be a crypto hub and have already introduced legislation to regulate crypto as a regulated activity. Afolami also plans to outline the next steps later in the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CIO of a Giant Investment Company Reveals His Prediction for the Level of Bitcoin Price in the Near Future
Bitwise senior manager Matt Hougan shared his thoughts on the future of Bitcoin price in his statement.
US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value
Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.
FBI seizes $6M from crypto scammers targeting US citizens