The U.K. is set to introduce a comprehensive regulatory framework for the crypto sector by early 2025, covering cryptocurrencies and stablecoins to ensure proper oversight.
Economic secretary Tulip Siddiq indicated there would be no exceptions for staking services in the forthcoming regulations, reinforcing the government's stance on clear regulatory transparency.
A proposed bill aims to classify crypto assets like Bitcoin and NFTs as 'personal property,' which would enhance legal protections for these digital assets in the U.K.
Siddiq emphasized the need to remove legal ambiguities around crypto, stating that it doesn't make sense to provide special treatment for staking services.
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