A recent statutory instrument aims to remove legal uncertainty surrounding crypto staking and ease blockchain operations.
By Stuart Davis, Gabriel Lakeman, and Emma Trankeenan
On 9 January 2025, the UK Government published the Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2025 (SI 2025/17) (the Staking SI) and the accompanying explanatory memorandum (the Explanatory Memorandum).
The Staking SI together with the Explanatory Memorandum confirm that arrangements where a firm provides services to stake cryptoassets on