In the upcoming months, the UK government seems to be targeting stablecoins and staking services. Even before removing ads at bus and subways, the government had an anti-crypto attitude.

According to the US media Bloomberg, Bim Afolami, the country’s economic secretary, spoke at an event organized by the Coinbase in London and made important statements about the regulations.

“We want to get these things done as soon as possible”

Bim Afolami, economic secretary to the treasury: “We’re very clear that we want to get stablecoins and staking services done as soon as possible. We’re pushing very hard, and I think over the next six months, those things are doable,” he said.

However, Bloomberg’s news did not give any details about what kind of restriction or regulation would come.

Coinbase, which provides staking services with Ether, was also sued by the SEC, the US regulator, on this issue. Many companies had to leave the UK due to harsh regulations and government bans.

Prime Minister Sunak said it but…

At a time when resignations were coming one after another in England, Rishi Sunak, who became prime minister in 2022, had repeatedly said that he wanted to make the country a crypto center. However, Sunak still criticized by the crypto community in this sense. British crypto companies argue that there are still no clear rules in the country.