The UK Will Launch a Crypto Regulatory Framework in 2025

According to reports, the United Kingdom is planning to adopt a comprehensive regulatory framework for the cryptocurrency sector by early 2025. This move is being pursued by the newly-elected Labour Party, which is looking to regulate stablecoins and staking services.

At a recent conference, Economic Secretary to the Treasury Tulip Siddiq stated that the government’s plan involves separating stablecoins from the existing payment services regulation, and providing legal clarity for staking services.

This effort is being made to keep up with the United States and Europe, as the US President-elect is courting cryptocurrency businesses and the EU is set to implement the Markets in Crypto-Assets (MiCA) regulation.

The need for clear regulatory frameworks is crucial for the mainstream adoption and growth of cryptocurrencies, and both the US and EU are making efforts towards this.