Big news for UK crypto investors—Uphold has officially restarted staking services! 🎉 This move comes after regulatory changes in the country provided much-needed clarity on staking rules.
Why Did Uphold Stop Staking Before?
A year ago, Uphold halted staking services in the UK and EU due to unclear regulations. According to CEO Simon McLoughlin, the legal framework around staking was a “gray area”, making it risky to continue offering the service.
But things have changed! On January 31, 2025, the UK Treasury amended financial regulations, clarifying that crypto staking does NOT fall under collective investment schemes. This means platforms like Uphold can legally offer staking without heavy regulatory hurdles.
What’s Next?
🔹 UK staking is back, but other regions still have restrictions.
🔹 Uphold plans to relaunch staking in the US and Europe by June 2025.
🔹 Canada, Japan, Venezuela, and Singapore remain off the list for now.
McLoughlin is optimistic about 2025, especially with a more crypto-friendly US administration. He believes these regulatory updates are a step toward making blockchain-based finance mainstream.
Why Does This Matter?
Staking is a major part of the crypto world, allowing users to earn rewards by supporting blockchain networks. With clearer rules in place, more platforms could reintroduce staking, making it easier for everyday investors to participate.
For now, UK users can enjoy staking rewards once again, and the crypto world will be watching to see how other regions respond!
