Informed sources: UK election won't derail cryptocurrency plans

The UK general election will not derail the country's progress in regulating the cryptocurrency industry, according to people familiar with the matter. A date for the election has not been announced, but the country is expected to hold it this year. The ruling Conservative Party, which has been in power for almost 14 years since it was first elected in May 2010, has introduced a series of cryptocurrency measures. The party plans to make the country a cryptocurrency hub by 2022 and has subsequently introduced a market bill that would enable cryptocurrencies to be regulated by the Financial Conduct Authority (FCA) as a financial activity.
Adam Jackson, director of policy at Innovate Finance, said in an interview that the country needs secondary legislation that would formally oblige the FCA to regulate cryptocurrencies, including stablecoins. That's what the government said they would do, and we haven't heard why that wouldn't work. So, all things being equal, they should have those powers at the time of national elections.