UK TO INTRODUCE CRYPTO RULES TO COMPLETE WITH TRUMP -LED US

The UK government is set to unveil new crypto regulations to counter Donald Trump's pro-crypto policies in the US and attract global investment to the UK's digital assets market.¹ This move aims to bolster the UK's competitive edge in the global digital assets market, as Trump's election win and pro-crypto stance have gained significant attention from investors.

The UK Treasury plans to introduce two bills focused on supporting stablecoin providers and addressing regulatory gaps. This legislation will include exemptions for certain services, such as staking and custodial wallets. Additionally, the UK is moving ahead with broader regulatory efforts through its Property Bill, which will safeguard the ownership rights of digital assets, including cryptocurrencies and NFTs.

Key aspects of the UK's crypto regulations:

Stablecoin legislation: To support stablecoin providers and address regulatory gaps

Property Bill: To safeguard ownership rights of digital assets, including cryptocurrencies and NFTs

Exemptions: For certain services, such as staking and custodial wallets

These regulations aim to create a more supportive environment for crypto businesses and investors, countering the appeal of Trump's pro-crypto policies in the US.