New UK crypto regulations will include stablecoins and staking services

Quick Summary:

The U.K.is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025.

The news was first reported by Bloomberg.

Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which are pegged against a more stable asset such as a fiat currency.

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Article Details

Author / Journalist: Paul Sawers

Category: Technology

Markets: United States

Topics: Stablecoin Crypto regulation Fintech Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 10:36:38 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 177 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23763582

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