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UK Government to Release New Crypto Policy in 2025
Tulip Siddiq, Secretary of Economic and HM Treasury UK, said the UK government will create a regulatory framework for crypto and stablecoins in early 2025 at London’s City & Financial Global Tokenization Summit.
The framework created will focus on aligning the nature of stablecoins, especially crypto, which continues to grow rapidly so that digital assets remain stable.
Siddiq said this separate regulation needs to be done because he sees the unique characteristics of stablecoins that are not in line with current policies.
This plan is referred to as the UK government’s strategy to be able to compete in crypto adoption from the European Union and the US. Although the UK government admits that it is late in discussing this regulation, it has raised concerns among crypto companies.
Hearing this news, crypto industry players are eagerly awaiting the draft framework and the results of the next meeting to provide input on this important regulation.