Uphold Brings Back Staking for UK Users After Regulatory Shift

Uphold has resumed staking services in the UK after regulatory changes provided greater clarity on the legality of such offerings.

The platform, which halted staking last year due to uncertainty around financial laws, confirmed the relaunch on Feb. 2.

The decision follows a policy update from the UK Treasury, which revised financial regulations to clarify that crypto staking does not fall under collective investment schemes. This move effectively removed restrictions that had previously complicated staking services for platforms like Uphold.

While UK users can now access staking again, Uphold has yet to restore the service in the US and Europe. However, the company expects to roll it out in both regions by mid-2025. Other countries, including Canada, Japan, and Venezuela, remain off-limits due to regulatory constraints.

CEO Simon McLoughlin sees the recent policy adjustments as a sign of progress, emphasizing that staking is an integral part of blockchain technology. He believes that as governments refine their stance on digital assets, more users will have access to staking opportunities.

With clearer regulations emerging, McLoughlin is optimistic about the future of blockchain-based financial services. He anticipates further advancements in 2025, particularly in the US, where a more favorable regulatory environment could accelerate crypto adoption.