UK FCA requests public comments on stablecoin, crypto custody regulation

The United Kingdom’s Financial Conduct Authority (FCA) has requested public feedback on proposed regulations for stablecoins and cryptocurrency custody. In a May 28 request for comment, the United Kingdom’s financial regulator announced that its regulatory proposals are “the latest milestone on the road to crypto regulation. ” The draft rules are based on prior roundtables and industry feedback. David Geale, executive director of payments and digital finance at the FCA, said the agency aims to support innovation while ensuring market trust:“At the FCA, we have long supported innovation that benefits consumers and markets source: https://cointelegraph.com/news/uk-s-fca-requests-commentary-on-stablecoin-regulation-and-crypto-custody?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound