UK to legislate on cryptoasset regulatory framework by end of July, minister says | Headlines | News | CoinMarketCap
04/15/2024 23:43
UK Economic Secretary to The Treasury Bim Afolami said the government will legislate by the end of July on a regulatory framework for cryptoassets. …
UK Economic Secretary to The Treasury Bim Afolami said the government will legislate by the end of July on a regulatory framework for cryptoassets.
The timescale for the enactment of the legislation, that concerns the oversight of stablecoins, crypto staking, exchange and custody services, was delivered by Afolami at the Innovate Finance Global Summit on Monday.
"We are now working at pace to deliver the legislation to put our final proposals for our regime in place," Afolami said. "Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time."
UK's timeline to develop crypto regulatory framework
In February, Afolami, the Member …