CryptoSlate reports that the UK Treasury recently introduced an amendment to the Financial Services and Markets Act (FSMA), which will exclude crypto staking from being classified as a collective investment scheme (CIS). A CIS is a structure that allows investors to pool their money into a fund that is then professionally managed by an independent manager. Under this amendment, the staking of cryptocurrencies such as Ethereum (ETH) and Solana (SOL) will be recognized as a blockchain validation process rather than a collective investment. This change, which comes into effect on April 31, will provide greater clarity and certainty for stakeholders in the UK's crypto industry. It is a positive step towards fostering innovation and growth in the sector.

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