The new Labour government, elected in July, intends to implement its predecessor’s crypto proposals on the creation of regulated activities, including operating a crypto trading platform and a market abuse regime, in full, Siddiq said. Under current plans, stablecoins will no longer fall under the U.K.’s payments regime. There will also be a carve out for staking to prevent it being treated like a collective investment scheme.
Source: https://www.coindesk.com/policy/2024/11/22/uk-to-draft-a-regulatory-framework-for-crypto-stablecoins-early-next-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines