Reports

UK stablecoin and staking regulation likely within six months: Report

Wednesday 21 de February 2024 / 12:00

⏱ 2 min read

(London).- The UK government expects the country’s stablecoin and staking legislation within six months. Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, said this during an event hosted by Coinbase in London.

UK stablecoin and staking regulation likely within six months: Report

The UK government expects new regulations on stablecoins and staking services to roll out in the country within the next six months, Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, has noted.

According to a Bloomberg report, the government is focused on having the legislation in place this year as part of the overall push for regulatory clarity for the crypto sector.

“We’re very clear that we want to get these things done as soon as possible. And I think over the next six months, those things are doable,” Afolami said during an event hosted by Coinbase in London.

Afolami’s comments come as observers point to the government’s plans to have the crypto regulation regime in place before the elections. While he could not provide a specific timeline on when to expect the broader crypto regulations, Afolami agreed that “there’s just a huge amount going on.”

UK’s push for crypto regulation

The government’s timeline for stablecoin and staking regulations looks to align with steps taken in 2023 as the UK pushes to be a global hub for crypto and blockchain innovation.

Last year, the UK parliament passed the Financial Services and Markets Bill. The Bank of England and the Financial Conduct Authority (FCA) also announced regulatory guidelines for stablecoins in October, with a consultation setting up implementation of the crypto rules starting in mid-2024.

As CoinJournal reported in October, the targeted stablecoin regulation focuses on the fiat-backed tokens’ use in payment chains as well as their issuance and custody.

Categoría:Reports

Tags: Sin tags

País: United Kingdom

Región: EMEA

Event

SBC Summit 2026

29 de September 2026

SBC Summit 2026 Wraps Up Record-Breaking Lisbon Edition

(Lisbon).- The event recorded 34.5% year-on-year attendance growth, with operator participation rising 37% and C-level attendance increasing 40.7%. SBC also confirmed a long-term agreement to keep Lisbon as the summit’s host city through 2030.

Thursday 15 Oct 2026 / 12:00

Exploring Market Particularities: Insights from ALEA’s Alexandre Tomic

(Lisbon, SoloAzar Exclusive).- Following his attendance at SBC Summit 2026, ALEA founder Alexandre Tomic reflects on the company's performance at the event, the milestones achieved through the rollout of new verticals such as sportsbook and Alea Jackpot, and the broader growth outlook across Europe, Latin America, and North America’s fast-moving sweepstakes sector.

Thursday 15 Oct 2026 / 12:00

CT Interactive Showcases Expanded Content Portfolio at SBC Summit

(Lisbon).- The company presented its latest titles, highlighted its aggregation strategy and explored new partnerships to expand its international distribution network.

Thursday 15 Oct 2026 / 12:00