FCA Seeks Public Input on New Stablecoin Regulations

The UK’s Financial Conduct Authority (FCA) has launched a public consultation inviting feedback on proposed rules regarding stablecoins and cryptocurrency custody. This latest step towards regulating crypto assets is based on previous roundtable discussions and industry insights, according to Foresight News. The FCA aims to create regulations that ensure stablecoin values remain consistent. Moreover, the agency plans to partner with the Bank of England for enhanced oversight of stablecoins. The deadline for submissions is July 31, 2025.