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New UK crypto regulations will include stablecoins and staking services
The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025.
The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. The crypto industry had been hoping regulations would exclude so-called “staking” services, which is where investors lock their tokens to support a particular blockchain in exchange for a small yield — much like earning interest on cash savings. The U.K. also recently introduced a new bill that, if passed, would give greater legal protections to crypto assets such as Bitcoin and NFTs, designating them as “personal property” under the proposed law.
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