UK Plans to Pass Legislation to Regulate Stablecoins and Staking
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20 February

The UK is currently in the process of passing new legislation aimed at regulating stablecoins and crypto staking, with the goal of completing it within the next six months.

During a crypto event in London organized by Coinbase on February 19, Treasury Economic Secretary Bim Afolami stated the government is working to pass the laws before the general election later this year.

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He also mentioned they are committed to completing these tasks as soon as possible. Despite being asked for more information, Afolami did not give specific details about the upcoming regulations.

RUK Prime Minister Rishi Sunak promised in 2022 to establish the country as a "global cryptocurrency hub", recognizing the importance of creating an environment in which crypto companies can invest, innovate and grow.

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