in england cryptocurrencies and stablecoins While legal studies on the issue continue, a new statement has been made on the subject.

According to Coindesk news, British Economy Minister Bim AfolamiThe UK government is preparing to introduce legislation for staking, clearing and custody services related to cryptocurrencies, as well as stablecoins, by June or July, the company said at the Innovate Finance Global Summit on Monday.

At this point, while the UK government is preparing to enact new legislation on stablecoins and cryptocurrency trading, staking, and custody by June or July 2024, it has been stated that a number of cryptocurrency activities, such as operating cryptocurrency exchanges and storing customer assets, will be included in the legislation for the first time. .

england Parallel CryptoStating that they want to make it a global center for AR, Minister of Economy Bim Afolami reminded that last year they passed a law recognizing crypto money and stablecoins as regulated financial activities in the country and said:

“Currently, as the government, we are working rapidly to prepare legislation regarding cryptocurrencies and stablecoins.

Once approved, a range of cryptocurrency activities, including the operation of a cryptocurrency exchange and the custody of customers’ assets, will be regulated for the first time.”

*This is not investment advice.

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