<ul><li>The UK's Financial Conduct Authority (FCA) has introduced new rules for stablecoins and crypto custody to enhance security and transparency in the crypto sector.</li><li>The proposed regulations aim to ensure stablecoin issuers have appropriate asset backing, while custodians must maintain security and accessibility of crypto assets.</li><li>The FCA collaborated with the Bank of England to develop the regulations, with the bank planning to release a complementary consultation on stablecoins later this year.</li><li>Stakeholders have until July 31, 2025, to provide feedback on the proposals, with the aim of finalizing and publishing the rules by 2026, shaping the future of crypto asset firms in the UK.</li></ul>

New FCA Crypto Custody Rules Would Force Firms to Upgrade Security

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