Regulation
UK elections unlikely to impact crypto regulation
Industry players believe that the upcoming UK elections will not affect the country’s progress in regulating the crypto sector. The UK became a crypto hub in 2022 with the introduction of the Markets Bill by the Conservative Party, which allowed crypto to be regulated by the Financial Conduct Authority (FCA). The ruling conservative party has promised to introduce legislation on stablecoins and staking in the coming weeks, which many see as a realistic goal.