UK to Draft a Regulatory Framework for Crypto, Stablecoins Early Next Year
Fri, Nov 22, 2024 5:55 PM

UK to Draft a Regulatory Framework for Crypto, Stablecoins Early Next Year

A Flip by Shubhangi Gupta
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The U.K.'s long awaited crypto rules are coming. The U.K. plans to draft a regulatory framework for the crypto industry by early next year, Economic Secretary Tulip Siddiq said at a conference. The rules will apply to stablecoins and staking services and will end months of uncertainty for the industry. The announcement follows months of uncertainty about the government's plans for the industry.

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