UK FCA and Central Bank Advance Crypto Regulatory Rules, Remove Restrictions on Fiat-Backed Stablecoin Holdings

Odaily Planet Daily News: The UK Financial Conduct Authority finalized crypto rules last month, providing guidance on capital requirements, access and disclosure, and broader conduct frameworks for crypto companies.

The Bank of England has removed previously proposed restrictions on fiat-backed stablecoin holdings and lowered the reserve requirement for issuers held at the central bank from 40% to 30%. The stablecoin proposal from November 2025 had limited individual holdings of systemic sterling stablecoins to £20,000 and corporate holdings to £10 million. (CoinDesk).