UK Treasury submits crypto rule exemptions for stablecoins and DeFi services

  • UK Treasury submits crypto amendments covering stablecoin trading, custody and DeFi services
  • The proposed exemptions still require parliamentary approval
  • Katie Harries welcomed the move but cited barriers for regulated exchanges accessing DeFi

The UK Treasury has submitted proposed crypto-regulation amendments to Parliament that would exempt some stablecoin trading and custody activities, along with technical services related to decentralized finance protocols. The changes still require parliamentary approval. Katie Harries, Coinbase’s head of European policy, welcomed the proposal while saying barriers remain for regulated exchanges seeking access to DeFi, The Block reported.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.