UK to Introduce Comprehensive Crypto and Stablecoin Legislation by Mid-2023

• UK to issue new crypto and stablecoin legislation by June/July 2023 • Legislation will cover crypto staking, exchanges, custody, and stablecoins • Comes after 2022 financial markets bill laying foundation to regulate crypto • BoE to oversee systemic stablecoin providers, FCA to regulate wider crypto • Conservative party pushing legislation ahead of possible 2023 elections