UK's FCA Seeks Views on Stablecoins, Crypto Custody to Prevent Firm Failure

UK's FCA Seeks Views on Stablecoins, Crypto Custody to Prevent Firm Failure

The country's market regulator's proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.

UK FCA Seeks Public Feedback on Stablecoin and Crypto Custody Rules

A Milestone Towards End-to-End Crypto Regulation On May 28, the UK Financial Conduct Authority (FCA) initiated public consultation for proposed new regulations on stablecoins and crypto custody institutions. This is a landmark step in the UK approach towards crypto regulation. David Geale, executive director of the FCA, emphasized the agency’s double obligation to market trust and innovation. “We need to strike a balance in favor of a sector wh…

FCA UK looks for views on crypto regulation The UK Financial Conduct Authority (FCA) has launched a new initiative to gather views on stablecoins regulation and cryptocustody.This action underlines the UK's commitment to establishing a robust regulatory environment that ensures consumer safety and promotes innovation in the digital economy.In this regard, the FCA seeks to create a framework that inspires confidence in the use of cryptocurrencies…

FCA pushes forward on crypto custody regulation

The Financial Conduct Authority has published a fresh set of proposals on stablecoins and crypto custody, marking a key step in shaping the UK’s future cryptoasset regime. The consultation paper outlines draft rules for the issuance of stablecoins and safeguarding customer assets.

Reform will make the UK a crypto powerhouse

Reform will make the UK a crypto powerhouse – and take young voters seriously, writes Reform UK chairman Zia Yusuf For too long, British innovation has been stifled, young people have been denied opportunity, our startup community has been left to rot and our financial services sector has been smothered. As Prime Minister, Nigel Farage will jump-start and reboot the British economy. We will unleash the potential of the United Kingdom, and make o…

UK FCA Invites Industry Feedback On Stablecoins And Crypto Custody Regulations - FinanceFeeds - CryptoInfoNet

The UK Financial Conduct Authority has released a new set of proposals regarding the regulation of stablecoins, the custody of cryptoassets, and the financial resilience requirements for digital asset firms. This initiative represents a significant advancement toward a regulatory framework that fosters both innovation and consumer protection within the crypto industry. This recent consultation follows a succession of roundtables and feedback ses…