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UK to Spell Out Crypto Plans as Startups Eye US Trump Benefits

The British government will seek to combat the lure of a Donald Trump-led US to the cryptocurrency industry by setting out its plans to regulate the sector this month, an effort to reassure firms about their UK prospects.The Treasury is planning two pieces of legislation on stablecoins — tokens tied to the value of a less volatile asset such as the US dollar — and a carve-out sought by crypto providers to exclude so-called staking services from current financial regulation, people familiar with ...

Read more at bloomberg.com

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