UK to Issue Crypto Regulatory Framework by Early 2025
A Treasury official stated that a draft regulatory framework for crypto assets would be prepared in the United Kingdom by early next year. The Conservative administration of Prime Minister Rishi Sunak, as well as specific regulations that were anticipated last summer, were ultimately defeated by a general election. Keir Starmer’s Labour government, which assumed office […]
UK Treasury to Provide Crypto Regulatory Framework by July
By July, the United Kingdom Treasury plans to provide a regulatory framework for stablecoins and crypto assets to promote innovation in blockchain technology and digital assets. Speaking at the Innovate Finance Global Summit (IFGS) 2024, Bim Afolami, economic secretary to the Treasury of the United Kingdom, disclosed the government’s continuous efforts to establish a foundation […]