The FCA has finalised major crypto rules and reduced a key proposed stablecoin capital requirement after industry feedback.
- The UK's FCA has finalized its crypto rulebook, reducing the capital requirement for stablecoin issuers from 2% to 1% after industry feedback.
- The new rules, expected to take effect in October 2027, aim to create a supervised market by requiring authorization for various crypto firms, including stablecoin issuers.
- This adjustment signals a more proportionate approach to regulation, potentially encouraging firms to establish compliant sterling stablecoin models within the UK.
Topics: Legal regulatory, Jurisdictions, Asset types, Securities law classification, Regulatory sandboxes pilots, Stablecoins digital cash
Tags: #fca #stablecoin #uk #capitalrequirement #cryptorulebook #regulation #authorization #prudentialframework #issuance
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