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📢 UK Treasury Clarifies Crypto Staking Rules
The UK Treasury has updated financial laws to exclude crypto staking from being classified as a “collective investment scheme.” This is a significant win for proof-of-stake blockchains like Ethereum and Solana, where staking plays a crucial role in network operations.
Unlike collective investment schemes, which face stringent regulatory oversight, staking now enjoys clearer legal treatment, fostering innovation and reducing uncertainty for crypto enthusiasts and developers in the UK.🚀