UK To Fast-Track Stablecoin and Crypto Staking Regulations Within 6 Months
• UK government to introduce new regulations for stablecoins and crypto staking within 6 months • Regulations aimed at clarifying oversight and avoiding certain classifications • Coinbase heavily involved in stablecoin governance and staking services, so would be impacted • Broader crypto regulations and comprehensive legislation still lack clear timelines • New UK rules enacted in October to make it easier for authorities to seize crypto linked to illicit activity