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UK Set To Launch New Crypto Staking And Stablecoin Legislation By July, Economic Secretary Bim Afolami Says
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The UK is set to introduce new crypto staking and stablecoin legislation by July of this year, Economic Secretary Bim Afolami announced at the Innovate Finance Global Summit in London on Monday.
“We are now working at a pace to deliver the legislation to put our final proposals for our regime in place,” Afolami stated. “Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.”
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