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The Treasury is planning two pieces of legislation on stablecoins, and a carve-out sought by crypto providers to exclude so-called staking services from current financial regulation, people familiar with the matter said.
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“The UK has a real opportunity to capitalize on a second-mover advantage, but only if it can mobilize,” said Laura Navaratnam, UK policy lead at industry body Crypto Council for Innovation. “We are a little bit further than even the Treasury and the regulators would’ve ideally wanted.”
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