Bank AI

when

<div class="coinjournal">
 <ul>
 <li dir="ltr">The UK government expects the country’s stablecoin and staking legislation within six months.</li>
 <li dir="ltr">Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, said this during an event hosted by Coinbase in London.</li>
 </ul>
 The UK government expects new regulations on stablecoins and staking services to roll out in the country within the next six months, Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, has noted.
 According to a Bloomberg report, the government is focused on having the legislation in place this year as part of the overall push for regulatory clarity for the crypto sector.
 “We’re very clear that we want to get these things done as soon as possible. And I think over the next six months, those things are doable,” Afolami said during an event hosted by Coinbase in London.
 Afolami’s comments come as observers point to the government’s plans to have the crypto regulation regime in place before the elections. While he could not provide a specific timeline on when to expect the broader crypto regulations, Afolami agreed that “there’s just a huge amount going on.”
 <h2 dir="ltr" id="uk-s-push-for-crypto-regulation">UK’s push for crypto regulation</h2>
 The government’s timeline for <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> and <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a>s looks to align with steps taken in 2023 as the <a rel="noopener noreferrer nofollow" title="UK" href="https://thebittimes.com/tag/uk.html">UK</a> pushes to be a global hub for crypto and blockchain innovation.&nbsp;
 Last year, the UK parliament passed the Financial Services and Markets Bill. The Bank of England and the Financial Conduct Authority (FCA) also announced regulatory guidelines for stablecoins in October, with a consultation setting up implementation of the crypto rules starting in mid-2024.
 As CoinJournal&nbsp;reported in October, the targeted <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a> focuses on the fiat-backed tokens’ use in payment chains as well as their issuance and custody.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uk-stablecoin-and-staking-regulation-likely-within-six-months-report-tbt80259.html">https://thebittimes.com/uk-stablecoin-and-staking-regulation-likely-within-six-months-report-tbt80259.html</a>

UK stablecoin and staking regulation likely within six months: Report

目錄

TheBitTimes

在 2024年2月20日發表的其他文章

Robert Kiyosaki makes a shocking Bitcoin prediction

Surging Interest in Liquid Re-Staking Protocols

South Korean political parties make crypto pledge ahead of elections

Bitcoin Held By Coinbase Plunges To $20 Billion, Lowest Since 2015

HEX Price Prediction: Is HEX Ready For a Selloff Below $0.009000?

How NVIDIA earnings could impact crypto AI tokens 400% rally

訂閱免費電子報，每天收取加密貨幣最新動態！