【Ethereum and Solana staking in the UK will no longer be classified as collective investment schemes】On January 10, news reported by CryptoSlate stated that the UK Treasury has revised the Financial Services and Markets Act (FSMA), which will take effect on January 31. This revision excludes cryptocurrency staking from the classification of collective investment schemes. According to this change, staking with ETH and SOL will only be regarded as a blockchain validation process and will no longer be subject to regulatory requirements applicable to collective investment schemes. Previously, due to ambiguous regulatory definitions, there was a risk that staking could be classified as traditional collective investment tools, which must comply with stricter FSMA regulations. The amendment clarifies that staking involves participants locking up cryptocurrencies to validate blockchain transactions and ensure network security, which is fundamentally different from collective investment schemes and requires a tailored regulatory framework. Bill Hughes, a lawyer at ConsenSys, welcomed this move, believing it is an important step for the industry, and emphasized that UK law has traditionally taken a tough regulatory stance on collective investment schemes, which could hinder industry development. It is noteworthy that this move aligns with the UK's broader strategy to promote innovation in the cryptocurrency sector while maintaining appropriate regulation to protect market participants.

#ETH