UK Crypto Regulation: FCA Launches Public Consultation on Stablecoins and Custody

The United Kingdom is taking a significant step toward establishing clear and robust regulatory frameworks for digital assets. The Financial Conduct Authority (FCA), the nation’s financial watchdog, has initiated a public consultation to receive input on proposed regulations for two crucial areas: stablecoins and cryptocurrency custody services. This move signals a commitment to balancing innovation with necessary safeguards in this rapidly evolving sector.