UK to Unveil Comprehensive Crypto Regulations in 2025 to Stay Competitive Globally
The UK government plans to introduce a comprehensive regulatory framework for cryptocurrencies and digital assets in early 2025, spearheaded by Economic Secretary Tulip Siddiq.
This initiative aims to simplify the regulatory landscape and address key areas such as stablecoins, staking, and cryptocurrencies, ensuring the UK remains competitive with global crypto hubs like the EU and the U.S.
Key aspects of the framework include separate regulations for stablecoins, which will be excluded from existing payment rules, and an exemption for staking services from strict “collective investment scheme” regulations, promoting innovation in decentralized finance (DeFi). The overall goal is to streamline compliance and encourage growth in the UK’s crypto ecosystem.
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The move is driven by the need to stay competitive internationally, offering clear rules to protect investors while mitigating risks such as fraud. Industry reactions have been largely positive, with stablecoin issuers and staking providers welcoming the tailored approach and reduced regulatory burdens. However, there are calls for swift implementation to avoid falling behind other regions.
The draft framework is expected to be released in early 2025, followed by a consultation period. The UK government aims to fast-track the legislation through Parliament and align with international standards to support the growth of its crypto industry.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
