The UK Treasury revised the Financial Services and Markets Act 2000 on January 8, clarifying that cryptocurrency staking does not fall under the category of Collective Investment Schemes (CIS). The new regulations will take effect on January 31, with 'qualified cryptocurrency staking' referring to the act of validating transactions on a blockchain, distributed ledger technology network, or similar technology. A collective investment scheme in the UK is any arrangement where participants obtain profits or income, including exchange-traded funds (ETFs) and investment funds. (Cointelegraph)