🚨UK Treasury Exempts Crypto Staking from Strict CIS Rules🚨

✅Big Win for Crypto: The UK Treasury has amended the Financial Services and Markets Act to exclude crypto staking (like Ethereum & Solana) from collective investment scheme (CIS) regulations.🎉

💡Why It Matters:

Eased Regulations: CIS rules are strict; excluding staking boosts flexibility for blockchain networks.
Cybersecurity, Not Investment: Staking is now considered a cybersecurity process, not a group investment.

📅Effective January 31, 2025: This aligns with the UK’s promise to deliver a comprehensive crypto regulation framework by early 2025.

#CryptoNews #Staking