As Uphold resumes crypto staking in the UK, its staking services remain unavailable in the US and Europe.
Cryptocurrency trading platform Uphold has restarted staking services in the United Kingdom following local regulatory developments.
Uphold has relaunched staking in the UK in compliance with a UK Treasury amendment that came into force on Jan. 31, the company said in an announcement shared with Cointelegraph on Monday, Feb. 2.
The relaunch comes a year after Uphold notified its users that it will no longer be offering staking in the UK and the European Union, reportedly citing new regulations.
Read more,# Uphold Staking: The Return of the Crypto Jedi in the UK
## Key Points:
– **Uphold Staking is Back**: After a dramatic exit last year, the crypto platform is rebooting its staking services in the UK.
– **Regulatory Shenanigans**: The resurrection is made possible thanks to the UK Treasury’s amendment on January 31 that rolled out a red carpet for crypto staking.
– **Not So Fast, US and Europe**: While the UK gets its staking groove back, Uphold customers in the US and Europe are left out in the cold.
– **A Year in the Making**: This comeback comes one year after Uphold threw in the towel due to pesky regulations.
### Hot Take:
Looks like Uphold decided the UK needed a little crypto love again while the US and Europe are playing hard to get! It’s like the ultimate tale of a knight in shining armor, swooping in just when the damsel (or the crypto enthusiast) thought they were doomed. Rapid regulatory changes keep the crypto landscape as unpredictable as a cat on a hot tin roof. Let’s just hope the US and Europe take a hint and get with the program before the UK builds a staking fortress! #CryptoComeback #StakingSaga #UKvsUS
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tags: Uphold, staking, cryptocurrency, UK, regulations, crypto news
