<ul><li>The FCA has announced measures to regulate stablecoins and crypto custody within the UK, aiming to enhance payment efficiency and consumer protections.</li><li>The regulator seeks to drive innovation in the crypto sector while ensuring market integrity, emphasizing transparency around backing assets and collaboration with the Bank of England.</li><li>New requirements for crypto custody providers include securely holding customer assets and maintaining accessibility, with a focus on reducing risks of firm failure.</li><li>The FCA is inviting public feedback until July 31, 2025, and plans to finalize its rules in 2026, building on HM Treasury's draft legislation for a comprehensive UK crypto regulatory regime.</li></ul>

FCA Seeks Industry Feedback on Stablecoin Rules and Crypto Custody Framework

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