UK’s FCA Proposes New Stablecoin and Crypto Custody Rules: Shaping the UK Crypto Landscape

The UK’s Financial Conduct Authority (FCA) and the Bank of England have proposed new regulations for stablecoins and crypto custody. These proposals aim to enhance asset security and transparency in the cryptocurrency market. The changes affect stablecoin issuers and custody providers, introducing stricter security standards for crypto assets under their supervision. )