UK Crypto Regulations Stumble Amidst Leadership Transition

Former UK Chancellor Rishi Sunak’s ambition to position the UK as a crypto-friendly hub faced setbacks due to regulatory delays. The new leadership under PM Keir Starmer is expected to roll out comprehensive regulations by 2025, focusing on stablecoins and staking. This delay has caused investor hesitancy, impacting market growth, and prompting comparisons with the EU’s faster legislative process.