UK FCA Seeks Public Input on New Regulations for Stablecoin Issuance and Crypto Custody

PANews, May 28—The UK Financial Conduct Authority (FCA) has released regulatory proposals regarding stablecoin issuance, crypto asset custody, and corporate financial soundness, aiming to build a secure and competitive crypto market. The proposals require stablecoins to maintain a stable value and disclose asset backing to users; custodians must ensure the safety and accessibility of user assets at all times. These proposals were developed after multiple rounds of consultation between the FCA and the market. The public comment period ends on July 31, and the final rules will be published in 2026.