CoinVoice has recently learned that according to Bloomberg, the British government will announce its plans to regulate the cryptocurrency industry this month, seeking to respond to the attraction of the cryptocurrency industry to the United States led by Donald Trump and strive to reassure companies about their prospects in the UK.
Britain’s Treasury plans to introduce two pieces of legislation on stablecoins and an exemption requested by cryptocurrency providers that would exclude so-called staking services from current financial regulation, people familiar with the matter said.
The UK's decision to move forward with cryptocurrency regulation comes after the cryptocurrency industry celebrated Trump's election victory, driving up asset prices including Bitcoin. The risk for the UK is that startups may choose other jurisdictions, such as the United States, where the rules are clearer or more favorable. [Original link]