UK Prepares Crypto Plan As Trump’s Pro-Bitcoin Stance Lures Startups To The US
According to the latest reports, the British government is moving to establish its regulatory approach for the cryptocurrency sector to maintain the country’s attractiveness as a destination for crypto businesses.
This initiative follows the election victory of Donald Trump in the United States, a development that has stirred enthusiasm within the crypto industry due to his promises of favorable regulations.
Legislative Roadmap For UK Crypto Firms
The UK Treasury plans to propose legislation addressing two key areas within the crypto space: stablecoins and staking services. Stablecoins, digital assets pegged to more stable values like fiat currencies, will soon be subject to regulatory discussions under the Financial Conduct…
