UK Plans More Liberal Crypto Regs for ‘Second Mover’ Advantage
The United Kingdom is reportedly preparing to roll out new cryptocurrency regulations this month.
The rules are part of an effort by the U.K. government to offset the attraction of doing business under the United States’s new pro-crypto president, Bloomberg reported Thursday (Nov. 14)/
The British Treasury is working on legislation dealing with stablecoins and planning to exclude staking services from existing financial regulation, according to the report.
“The U.K. has a real opportunity to capitalize on a second-mover advantage, but only if it can mobilize,” said Laura Navaratnam, U.K. policy lead at the Crypto Council for Innovation, per the report. “We are a little bit further than even the Treasury and the…
