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The UK's FCA has issued a proposal to seek public feedback on the proposed regulations for stablecoins and encryption accomplice.
Odaily News According to official news, the UK’s Financial Conduct Authority (FCA) has released a proposal seeking public feedback on the proposed regulations for stablecoin and cryptocurrency custody. Its regulatory proposal is “the latest milestone on the road to cryptocurrency regulation.” This draft is based on previous roundtable discussions and industry feedback. The FCA’s proposed rules aim 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 feedback deadline is July 31, 2025.