Golden Finance reported that the UK Labour government will publish a comprehensive cryptocurrency regulatory framework in early 2025, aiming to simplify regulation and address key areas such as stablecoins and pledges. The UK plans to publish its cryptocurrency framework next year, reflecting the global regulatory competition for the industry, and other jurisdictions such as the European Union have been advancing strategies to attract innovation and economic opportunities. The British government revealed plans to introduce a unified regulatory framework for the cryptocurrency industry 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 by the UK's existing payment service rules. The government believes that these regulations are not suitable for its current use cases. This shift is intended to align the UK's approach with the evolving nature of stablecoins, which are often pegged to assets such as the US dollar to maintain stability.