05:30:00 +07:00 UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says - Economic Secretary Bim Afolami said the legislation would cover stablecoins, crypto staking, exchange and custody. This follows the Financial Markets Bill in 2023 which laid the foundations for stablecoins and crypto broadly to be treated as regulated financial activities. The current conservative government wants the UK to become a crypto hub, however the elections this year look likely to be won by the labour party. So the crypto strategy might change. # www.coindesk.com