UK moves to regulate crypto services such as staking, stablecoins
A draft legislation published by the UK Treasury on April 29 revealed new rules for firms offering crypto services in the UK, such as stablecoins, staking, and custody.
The rules, part of the government’s broader “Plan for Change,” are intended to bring crypto exchanges, dealers, and custodians under the Financial Conduct Authority’s (FCA) supervision, mirroring the standards applied to traditional financial services.
Chancellor of the Exchequer Rachel Reeves said the regulatory changes aim to make “Britain the best place in the world to innovate.” She added that robust rules around crypto will boost investor confidence, support the growth, and protect UK investors.
Expansion of regulatory perimeter
According to the draft…
