The UK Labour government will announce a comprehensive cryptocurrency regulatory framework in early 2025, aimed at simplifying regulation and addressing key areas such as stablecoins and staking. The UK plans to release its cryptocurrency framework next year, reflecting a global regulatory competition in the industry, with other jurisdictions such as the EU already pushing for strategies to attract innovation and economic opportunities. The UK government revealed its plan to introduce a unified regulatory framework for the cryptocurrency industry in early 2025 at the Global Token Summit in the City of London. As part of the new framework, stablecoins will no longer be regulated by the existing payment service rules in the UK. The government believes that these regulations are not suitable for their current use cases. This shift aims to align the UK's approach with the evolving nature of stablecoins, which are typically pegged to assets such as the US dollar to maintain stability. @gyokuen