UK Updates Law to Exempt Crypto Staking from Strict Rules
The UK government has revised its financial regulations to exempt crypto staking from the scope of “collective investment schemes” (CIS), which are subject to strict oversight.
The Treasury’s updated framework provides legal clarity for staking on proof-of-stake blockchains like Ethereum and Solana.
Crypto Staking Has a New Legal Precedent in the UK
A new order issued on January 8 modifies the Financial Services and Markets Act 2000. It specifies that arrangements involving “qualifying crypto asset staking” do not constitute a CIS.
This term refers to using blockchain-based networks or similar technologies to validate transactions. The amended regulation will take effect on January 31, 2025.
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