DigiGov Central

Regulating Cryptocurrency

During a crypto event in London, the UK’s Economic Secretary to the Treasury Bim Afolami stated that the government is working intensively to ensure the new legislation regulating stablecoins and crypto staking. However, no specific details about the regulations were provided due to the ongoing developments in the field.

 Progress on implementing clearer regulations has been slow, despite calls from cryptocurrency firms for more concise rules.

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