Staking Comeback: Uphold Launches Services in the UK

by A1

3 hours ago

The cryptocurrency trading platform Uphold has resumed its staking services in the United Kingdom following developments in local regulations.

UK Regulatory Changes

In January 2025, the UK Treasury amended the Financial Services and Markets Act, enabling platforms to offer staking services. This change ensures crypto assets are no longer classified as collective investment schemes.

The amendment that came into force on Jan. 31 provides welcome certainty and clears the way for regulated crypto service providers.Simon McLoughlin, CEO of Uphold

Uphold's Staking Return

Uphold has reopened its staking services in the UK after a year's hiatus due to regulatory uncertainties. The services are now available for UK users.

Future Plans

Uphold plans to relaunch staking services in Europe and the US by mid-2025, with prospects for expansion in Canada, Japan, and other regions.

Recent regulatory changes open the path for platforms like Uphold to expand their offerings, allowing users to participate in cryptocurrency staking.

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