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The U.K. Labor government is set to unveil a comprehensive cryptocurrency regulatory framework in early 2025, aimed at streamlining regulation and addressing key areas such as stablecoins and staking. The U.K. plans to release its cryptocurrency framework next year, reflecting a global regulatory race for the industry, with other jurisdictions such as the European Union already advancing strategies to attract innovation and economic opportunities. The UK government revealed at the Global Tokeniz...
Rachel Reeves, the chancellor of the exchequer, said she was wrong to tell British voters before the election that Labour would not announce new tax increases, even as she assured the public that there would be no repeat of her first budget in the coming years. Asked to explain her comments in June in an interview on Sunday, Ms Reeves said "there is nothing more than what we have already proposed.
In a speech to MPs, Britain's Charles III read the text of a speech written by the incoming Labour government as it prepares to unveil its legal and policy goals. The government's priorities include "ensuring economic growth", "creating wealth" and improving the nation's infrastructure and housing. The new Labour government will focus on economic stability and growth, but there is no explicit mention of policies related to digital assets.
Keir Starmer will become the new Prime Minister after the UK Labour Party won the general election on July 4, winning 412 seats in the House of Commons. The cryptocurrency industry wants the new government to continue existing policies and drive innovation and growth. Bivu Das, managing director of Kraken UK, said the cryptocurrency industry is expected to "operate as usual" despite the political changes. CryptoUK called on the new government to prioritize clear and aggressive policymaking.
Labour won Thursday's UK general election by a landslide, ending 14 years of Conservative rule and will appoint Keir Starmer as prime minister, but its legislative plans leave the direction of cryptocurrency regulation unclear. According to the BBC, Labour won more than the 326 seats needed for a majority, and as of 6:00 am BST (5:00 UTC) on Friday, Labour had 388 seats, while the Conservatives (i.e. Conservatives) fell to just under 100. In their pre-election manifestos, neither party mentioned...
Exit polls show that the British Labour Party is expected to win the general election, and the French parliamentary election may not "turn right"? European Central Bank officials are worried about the risk of cutting interest rates too quickly, and the Palestinian-Israeli ceasefire talks are "resurgent"... What major events happened in the world last night and this morning?
According to a British exit poll, Labour is expected to win the UK general election with 410 seats to form the next British government.
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