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Market
Sector Most Impacted by UK Crypto Legislation by 2024
5
Resolution / Starting Odds
Banking • 20%
Tech Companies • 20%
Small Businesses • 20%
Investors • 20%
Consumers • 20%
Analysis and reports from financial analysts and industry experts
Story
UK to Enact Crypto Legislation by July 2024, Covering Stablecoins, Staking, and Custody
Apr 15, 2024, 10:19 AM
The UK government has announced plans to introduce new legislation targeting the regulation of stablecoins and other cryptocurrency activities, including staking, exchange, and custody, by June or July 2024. Economic Secretary Bim Afolami emphasized that this move aims to position the UK to front run the USA in cryptocurrency regulation, potentially setting the stage for stablecoins to be recognized as legal tender. The legislation will cover new areas such as operating exchanges and the custody of customer assets for the first time.
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Kraken • 20%
Coinbase • 20%
Uniswap • 20%
Metamask • 20%
Bitcoin • 25%
Ethereum • 25%
Altcoins • 25%
Stablecoins • 25%
Public Funds • 25%
Private Equity • 25%
Hedge Funds • 25%
Venture Capital • 25%
No change in regulations • 33%
Stricter regulations introduced • 33%
Regulations become more lenient • 33%
Increase • 33%
Decrease • 33%
No significant change • 34%
AI • 25%
Blockchain Infrastructure • 25%
FinTech • 25%
HealthTech • 25%
Financial services • 25%
Supply chain • 25%
Gaming • 25%
Healthcare • 25%
E-commerce • 25%
Services • 25%
Gaming • 25%
Financial Services • 25%
Stablecoin Regulation • 33%
Cryptocurrency Taxation Laws • 33%
None • 34%
Financial Services • 25%
Healthcare • 25%
Supply Chain • 25%
Entertainment • 25%
Increase in regulatory actions • 25%
No significant change • 25%
Decrease in such services • 25%
New compliance measures introduced • 25%