Odaily News The Labour Party won the UK general election in a landslide on Thursday, ending the Conservative Party's 14-year rule and will appoint Keir Starmer as prime minister, but its legislative plans have left the direction of cryptocurrency regulation unclear. According to the BBC, the Labour Party won more than 326 seats needed for a majority, and as of 6:00 am BST (5:00 UTC) on Friday, the Labour Party had won 388 seats, while the Conservative Party's seats fell to just under 100. Neither party mentioned the cryptocurrency industry in its pre-election manifestos. The Labour Party focused its efforts on the economy, the police and the National Health Service. Due to the Conservative Party's long tenure in government, its position on cryptocurrencies has become clearer. The party has said it wants the country to become a crypto hub, has enacted legislation that treats crypto as a regulated activity, and is consulting on future plans, including stablecoin rules. Bim Afolami, the economic secretary to outgoing Prime Minister Rishi Sunak, has attended many fintech conferences and promised that the government will issue secondary legislation for stablecoins. The Labour Party, for its part, has said it will support the Bank of England's digital pound plan. The decision on whether to issue a central bank digital currency (CBDC) will be made by the central bank in 2025-2026. Before then, Parliament needs to approve appropriate legislation. (CoinDesk)