British Treasury Separates Staking from Systems and Clarifies Blockchain Validation

British Treasury Separates Staking from Systems and Clarifies Blockchain Validation

The UK Treasury has announced an update to its financial regulations. The Services and Markets Act 2000 will take effect on January 31, 2025. This new regulation distinctly delineates blockchain verification activities, such as crypto staking, from collective investment schemes. Staking is one method being employed to regulate the cryptocurrency industry.

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