UK FCA publishes proposal to seek public feedback on proposed regulations for stablecoins and crypto custody

Odaily News According to official news, the UK Financial Conduct Authority (FCA) has released a proposal to solicit public feedback on proposed regulations for stablecoins and cryptocurrency custody. Its regulatory proposal is "the latest milestone on the road to cryptocurrency regulation." The draft is based on previous roundtable meetings and industry feedback. The FCA's proposed rules are designed to ensure that regulated stablecoins maintain their value. The FCA also noted that it will work with the Bank of England to regulate stablecoins. The deadline for feedback is July 31, 2025.