British Economic Minister Bim Afolami said at the Global Summit on Innovative Finance that the government plans to introduce a bill by June or July to regulate stablecoins and activities such as staking, trading and custody of cryptocurrencies. "We are stepping up legislative work to develop our government's final proposal," Afolami said. "Once the legislation comes into effect, various crypto asset activities, including operating exchanges, custody of customer assets, etc., will be regulated for the first time."
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