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❄️ New UK Regulations on Crypto Staking

🔴 The UK Treasury has announced that crypto staking, such as Ethereum and Solana staking, will not be considered part of Collective Investment Schemes (CIS). This change in UK financial regulations, which takes effect from January 31, clarifies legal ambiguities and emphasizes that staking is a part of blockchain cybersecurity rather than an investment scheme. This move has been welcomed by the crypto industry and is part of the government’s efforts to establish a regulatory framework for cryptocurrencies by early 2025.

⁉️ What is a Collective Investment Scheme (CIS)?

🟰 These schemes include entities like investment funds, where the profits or income generated are distributed among participants and are subject to stringent financial regulations.

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This information can help me a lot,thank you

Exciting news for the crypto community! 🚀 This clarity on staking helps strengthen the bridge between innovation and regulation. Here’s to a bright future for blockchain!