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UK Regulates Crypto Staking with New Amendment

The UK Treasury has exempted crypto staking from collective investment schemes by making a new legal amendment. The regulation will come into effect at the end of January 2025.

This move is in line with Economy Minister Tulip Siddiq who stated that draft regulations consisting of crypto staking, stablecoins, and other crypto activities will be completed in early 2025.

The latest amendment ensures that crypto staking activities are outside the framework of the Financial Conduct Authority (FCA).

This will make it easier for crypto market players to carry out crypto staking activities, especially on the Ethereum (ETH) and Solana (SOL) blockchains which are key to both assets.

-# Image Source: The BTC Times