UK’s FCA and BoE Collaborate on Stablecoin & Crypto Regulation Regime

The UK Financial Conduct Authority (FCA) and the Bank of England are joining forces to establish comprehensive regulations for stablecoins and crypto custody services. This move marks a significant step towards enhancing clarity and security within the cryptocurrency sector, aiming to bring stability and trust to the industry. 📚

Following extensive engagement with industry stakeholders, the FCA has published detailed proposals outlining the rules for regulated stablecoins and crypto custody services. The collaboration aims to strike a balance between fostering innovation while upholding consumer protection and market integrity.