Regulation
UK Minister Expects Laws on Stablecoins, Staking Within Six Months
- Treasury minister says secondary legislation is a priority
- Broader rules to oversee crypto exchanges still in limbo
Bim Afolami, UK economic secretary to the treasury, right, in London, UK.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.
Economic Secretary to the Treasury Bim Afolami, speaking at an industry event hosted by Coinbase in London on Monday, said the government was “pushing very hard” on making legislation happen.