UK stablecoin and staking regulation likely within six months: Report
Wednesday 21 de February 2024 / 12:00
2 minutos de lectura
(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.
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
SiGMA Central Europe
03 de November 2025
Amusnet Showcases Multichannel Strength at SiGMA Central Europe 2025
(Rome, SoloAzar Exclusive).- At SiGMA Central Europe 2025, Amusnet reaffirmed its position as a leading multichannel supplier. Polina Nedyalkova, Director of Amusnet Italy, highlighted the company’s comprehensive portfolio spanning Online casino, Live casino, and Land-based solutions, while underlining Italy’s strategic importance for the group.
Tuesday 18 Nov 2025 / 12:00
Dual Brand Strategy: Amatic Classics and Wildcat Innovation Impress at SiGMA Central Europe
(Rome, SoloAzar Exclusive).- Riccardo Cavallaro, Amatic Online Project Manager, granted an interview to SoloAzar about the recent participation at SIGMA Central Europe. Amatic Online and Wildcat Gaming took center stage, showcasing a powerful mix of trusted classics and bold new releases. He described how both brands resonate strongly with operators and together deliver a complementary, future‑ready portfolio.
Monday 17 Nov 2025 / 12:00
SiGMA Central Europe Awards EGT Digital the Title of Fastest Growing Aggregator 2025
(Sofia).- EGT Digital has been awarded the “Fastest Growing Aggregator 2025” title at this year’s SiGMA Central Europe exhibition in Rome.
Monday 17 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.