UK to Introduce Comprehensive Crypto Regulations in Early 2025

The Labour government aims to establish a unified framework governing cryptocurrencies, stablecoins, and staking services.

Economic Secretary to the Treasury Tulip Siddiq announced plans for a unified regulatory framework at the Tokenisation Summit in London.
The new rules will address cryptocurrencies, stablecoins, and staking services to eliminate legal uncertainties in the sector.
Stablecoins will no longer fall under the existing payment services regulations, marking a significant shift in their treatment.
The Labour government’s initiative follows delays under the previous Conservative government and aims to provide clarity for the crypto industry.
The UK’s move comes as global attention on cryptocurrency regulation grows, with the U.S. also considering new roles to foster crypto industry ties.