In the United Kingdom, cryptocurrency staking will no longer be considered a collective investment scheme. The Treasury clarified that cryptocurrency staking does not fall under the definition of a collective investment scheme, unlike mutual and exchange-traded funds, which are regulated by financial oversight. Staking is the process of locking tokens to validate transactions on the blockchain, for which users receive rewards. The new changes will take effect on January 31 and will apply to all parts of the United Kingdom.
1/10/2025 11:38:45 AM (GMT+1)
The United Kingdom excludes cryptocurrency staking from collective investment schemes, clarifying its status in the updated Financial Services and Markets Act, which will come into force on January 31 📅
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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