Minister Bim Afolami says the government is working “very hard” to pass crypto-specific legislation in the U.K.
The United Kingdom is aiming to pass new laws regulating stablecoins and crypto staking and expects to do so within the next six months.
Speaking at a Coinbase-hosted crypto event in London on Feb. 19, Economic Secretary to the Treasury Bim Afolami said the government was working hard to ensure the new legislation was passed ahead of this year’s general election, Bloomberg reported.
Afolami remained tight-lipped when pressed for more specific details concerning the long-awaited crypto regulation.
