British crypto firm KR1 eyes London Stock Exchange as UK warms toward industry: FT
Crypto staking firm KR1 is moving its listing to the London Stock Exchange amid the UK's increasingly lenient regulatory stance on digital assets.Summary
British crypto staking company KR1, based on the Isle of Man, is preparing to move its listing from the Aquis exchange to the main market of the London Stock Exchange (LSE) next month. Co-founder Keld Van Schreven views this as a starting point for digital assets on the LSE, noting that KR1 is the first authentic digital asset company listing, distinct from firms that primarily hold cryptocurrencies. KR1, founded in 2014, invests in early-stage blockchain projects and generates revenue through staking assets like Ether and Polkadot.
This uplisting coincides with the UK adopting a more receptive regulatory approach. The Financial Conduct Authority (FCA) recently allowed crypto exchange-traded products on the LSE and plans a comprehensive digital asset framework next year. Furthermore, the Bank of England is reconsidering proposed caps on corporate stablecoin holdings, potentially allowing exemptions for firms needing larger fiat-pegged reserves.
In contrast, fellow crypto firm Argo Blockchain will delist from the LSE as part of a restructuring, though it plans to maintain its Nasdaq listing.
(Source：Cointelegraph)