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, admission and disclosure, and a broader conduct framework for crypto companies.

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