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UK's FCA Seeks Views on Stablecoins, Crypto Custody to Prevent Firm Failure
- The FCA opened consultations on May 28, 2025, seeking views on stablecoins and crypto custody to prevent firm failures in the UK market.
- This effort follows the 2022 collapse of terraUSD and builds on HM Treasury's April 2025 draft legislation aiming to regulate stablecoins and crypto firms.
- The FCA’s proposals require stablecoin issuers to maintain asset backing ensuring stable value and crypto custodians to secure assets, supporting innovation and market trust.
- David Geale emphasized that the FCA has consistently promoted advancements that serve the interests of both consumers and the market, while Sarah Breeden expressed the Bank of England's approval of the FCA’s proposed measures.
- The FCA will finalize rules in 2026, coordinating with the Bank of England’s complementary consultation for systemic stablecoins, signaling stronger UK crypto oversight ahead.
26 Articles
26 Articles
UK’s FCA Proposes New Rules on Stablecoins, Crypto Custody; Seeks Public Feedback
Catenaa, Friday, May 30, 2025- The United Kingdom’s Financial Conduct Authority released fresh regulatory proposals Tuesday targeting stablecoin issuers and crypto custody providers, seeking public input ahead of finalizing rules expected in 2026. The FCA’s consultation, open until July 31,...
UK FCA Seeks Public Feedback on Stablecoin and Crypto Custody Rules
A Milestone Towards End-to-End Crypto Regulation On May 28, the UK Financial Conduct Authority (FCA) initiated public consultation for proposed new regulations on stablecoins and crypto custody institutions. This is a landmark step in the UK approach towards crypto regulation. David Geale, executive director of the FCA, emphasized the agency’s double obligation to market trust and innovation. “We need to strike a balance in favor of a sector wh…
FCA UK looks for views on crypto regulation The UK Financial Conduct Authority (FCA) has launched a new initiative to gather views on stablecoins regulation and cryptocustody.This action underlines the UK's commitment to establishing a robust regulatory environment that ensures consumer safety and promotes innovation in the digital economy.In this regard, the FCA seeks to create a framework that inspires confidence in the use of cryptocurrencies…
FCA pushes forward on crypto custody regulation
The Financial Conduct Authority has published a fresh set of proposals on stablecoins and crypto custody, marking a key step in shaping the UK’s future cryptoasset regime. The consultation paper outlines draft rules for the issuance of stablecoins and safeguarding customer assets.
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