UK Prepares Crypto Plan
As Trump’s
Pro-
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Stance Lures Startups
To The
US• Экономика » Финансы » Платежные средства » Доллар США
UK Prepares Crypto Plan As Trump’s Pro-Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Stance Lures Startups To The US• Экономика » Финансы » Платежные средства » Доллар США
by Samuel Edyme
3 minutes ago
in Crypto regulation
0
According to the latest reports , the British government is moving to
establish its regulatory approach for the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта sector to maintain
the country’s attractiveness as a destination for crypto businesses.
This initiative follows the election victory of Donald Trump in the United
States• Соединённые Штаты Америки (США), a development that has stirred enthusiasm within the crypto industry
due to his promises of favorable regulations .
Related Reading: Trump Plans To Strengthen Crypto Policy With Dedicated
Advisor And Presidential Council
Legislative Roadmap For UK Crypto Firms
The UK Treasury plans to propose legislation addressing two key areas within
the crypto space: stablecoins and staking services. Stablecoins, digital
assets pegged to more stable values like fiat currencies, will soon be subject
to regulatory discussions under the Financial Conduct Authority (FCA).
Bloomberg• Объект бренды » Бренды на b » Bloomberg reported that the focus will also be on carving out a
new classification for staking services, which enable token holders to support
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн networks• Телекоммуникации и связь » Компьютерная сеть and earn• Телекоммуникации и связь » Компьютерная сеть rewards.
Notably, the Treasury’s announcement is viewed as an attempt to reinstate
previously stalled momentum when former UK Prime Minister Rishi Sunak• Объект человек » Персоналии по алфавиту » Персоналии на Су » Сунак, Риши’s
Conservative government lost its footing during a general election. Sunak• Объект человек » Персоналии по алфавиту » Персоналии на Су » Сунак, Риши
initially aimed to make the UK a leading global hub for digital assets.
With new leadership under Prime Minister Keir Starmer• Объект человек » Персоналии по алфавиту » Персоналии на Ст » Стармер, Кир’s Labour government,
industry stakeholders have been waiting for clarity on proposed legislation .
The FCA is preparing to outline its regulatory roadmap, including a phased
rollout for various crypto segments starting with stablecoins. The upcoming
framework, as reported, is expected to help guide businesses on
compliance and operations within the UK market.
Concerns linger among crypto firms about dedicating resources to the UK market
due to delays in regulatory clarity. Executives have pointed out that the
European Union• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз’s Markets in Cryptoassets (MiCA) regulation is poised for full
implementation, providing a competitive benchmark .
This situation has led to calls for the UK to quickly seize what industry
leaders believe could be a “second-mover advantage.” The industry body, the
Crypto Council for Innovation, has emphasized that the UK can still establish
itself as a key player in the crypto space if it acts decisively.
A Step Toward Clarity Amid Global Competition
Notably, the UK government’s effort to regulate crypto appears not solely to
focus on short-term market dynamics. The proposed regulatory approach is part
of a broader initiative to ensure the long-term viability and growth of
the digital asset sector.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Strategic Reserve: Michael Novogratz Doubts US• Экономика » Финансы » Платежные средства » Доллар США Will
Move Forward With The Plan
In addition to the anticipated legislation on stablecoins and staking, the
government plans to provide updates on the digital securities sandbox, an
initiative to foster blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн experimentation.
Jointly run by the FCA and the Bank of England, the sandbox offers a testing
ground for innovative projects in a controlled environment. The global digital
currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market cap value on the 1-day chart. Source: TradingView.com
Featured image created with DALL-E, Chart from TradingView