UK Treasury submits crypto rule changes exempting some stablecoin and DeFi services

The UK Treasury has submitted to Parliament proposed changes to crypto regulations that would exempt some stablecoin trading and custody, as well as technical services related to DeFi protocols, The Block reported. The amendments still require parliamentary approval. Katie Harries, Coinbase’s head of European policy, welcomed the move while noting barriers still remain for regulated exchanges seeking to access DeFi.