UK Minister Says Government Only Has Time To Implement Stablecoin
The current U.K. government will only have enough time to implement stablecoin and staking secondary legislation in the coming weeks, Economic Secretary Bim Afolami said on Wednesday.
“What I’m very confident we’ll be able to achieve is the secondary legislation around staking and stablecoins. Those two things are absolute priorities in the coming weeks and months,” Afolami said at the Financial Times Crypto and Digital Asset Summit. Stablecoins
An election is expected to occur in the second half of this year, leaving little time for the current ruling party, the Conservatives, to implement all of the crypto measures they promised.
(With inputs from Shikha Singh)
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