UK Aims For Crypto Regulation By July
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- UK Crypto Regulations Timeline: The UK government aims to have legislation for stablecoins, crypto staking, exchanges, and custody in place by June or July.
- Comprehensive Regulatory Framework: New regulations will bring crypto-related activities into the regulatory fold for the first time, enhancing security and reliability.
- Foundational Legislation: In 2023, the UK passed a financial markets bill to regulate stablecoins and broader crypto activities after consultations with FCA and BoE.
- Secondary Legislation and Political Implications: Secondary legislation targeting stablecoins is expected within six months; political overtones suggest potential delays or revisions based on election outcomes.
- Future Implications: The UK's regulatory strategies will be discussed at Benzinga’s Future of Digital Assets conference, focusing on global implications for the crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
