UK FCA Finalizes Crypto Regulations, Bank of England Eases Stablecoin Rules

The UK's Financial Conduct Authority (FCA) has finalized its crypto regulations, providing guidance on key areas such as capital requirements, access, disclosure, and a wider behavioral framework for crypto companies. This move aims to create a clearer landscape for the industry.

Separately, the Bank of England has revised its stance on fiat-backed stablecoin holdings. It has removed proposed limits on individual holdings of systemically important GBP stablecoins, which had been capped at £20,000, and corporate holdings at £10 million. The central bank reserve requirement for issuers has also been lowered from 40% to 30%.