Regulation
The UK election is unlikely to impact cryptocurrency regulation
Industry stakeholders believe that the approaching UK elections will not affect the country’s progress in regulating the cryptocurrency sector. The UK became a cryptocurrency hub in 2022 with the introduction of the Markets Bill by the Conservative Party, which allowed cryptocurrencies 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, a goal many believe is realistic.