UK Will Finalise Crypto Draft Regulation in Q1 2025

A draft regulatory framework for crypto assets will be finalized in the United Kingdom early next year, according to a statement from a Treasury official at City & Financial Global’s Tokenisation Summit in London on Nov. 21. Initial plans to release regulations last summer were disrupted by a general election that brought an end to the Conservative government of former Prime Minister Rishi Sunak. The Labour government, led by Prime Minister Keir Starmer since July 5, 2024, will now present the long-awaited regulations. A comprehensive framework Economic Secretary to the Treasury Tulip Siddiq announced that the regulations would address stablecoins,

Source: CryptoIntelligence