馃毃UK Treasury Exempts Crypto Staking from Strict CIS Rules馃毃
鉁匓ig 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.馃帀
馃挕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.
馃搮Effective January 31, 2025: This aligns with the UK鈥檚 promise to deliver a comprehensive crypto regulation framework by early 2025.
#CryptoNews #Staking
