The UK Labour government will unveil a comprehensive cryptocurrency regulatory framework in early 2025, aimed at streamlining regulation and addressing key areas such as stablecoins and staking. The UK plans to release its cryptocurrency framework next year, reflecting a global regulatory race for the industry, as other jurisdictions like the EU advance strategies to attract innovation and economic opportunities. The UK government revealed plans to introduce a unified regulatory framework for the cryptocurrency sector in early 2025 at the Global Tokenization Summit in the City of London. As part of the new framework, stablecoins will no longer be regulated under the UK's existing payment service rules. The government believes these regulations are unsuitable for their current use cases. This shift aims to align the UK's approach with the evolving nature of stablecoins, which are typically pegged to assets such as the US dollar to maintain stability.