London has long dreamed of becoming a global crypto hub, and it seems the plans are gaining momentum! 🚀 At the City & Financial Global summit, Economy Minister Tulip Siddiq stated: by the beginning of 2025, there will be a comprehensive regulatory framework for cryptocurrencies in the UK, including stablecoins. 💳
👉 What will be regulated?
Stablecoins will have clear rules for use as a means of payment and backing by fiat.
Eliminating the gray area around staking: such operations will no longer be considered collective investment schemes.
These steps will attract major companies to the country and reduce the legal uncertainty that has hindered the industry's development.
💡 Why is this important?
The Labour Party has decided not only to continue the work of the Conservatives but also to expand it. The Financial Services and Markets Act has already laid the groundwork for regulation, and now the UK is raising the bar even higher. 🔝
❓ Crypto hub or market overheating?
These changes could strengthen the UK's position on the global financial stage, but experts warn: it is necessary to balance control and innovation to avoid excessive pressure on businesses.
What do you think, will the UK become the capital of the crypto world? 🧐 Share your opinion in the comments! 👇