The UK is moving ahead with another step in crypto oversight. According to Odaily, the Financial Conduct Authority finalized crypto rules last month, setting guidance for capital requirements, market entry, disclosures, and a broader conduct framework for crypto companies. Separately, the Bank of England removed a previously proposed limit on holdings of fiat-backed stablecoins and lowered the reserve requirement that issuers must keep at the central bank from 40% to 30%.
CoinDesk said an earlier stablecoin proposal released in November 2025 had included holding caps for systemic pound-backed stablecoins. Under that plan, individuals would have been limited to holdings of no more than £20,000, while businesses would have faced a £10 million cap. The latest change means those proposed holding restrictions are no longer part of the plan cited in the update.
The measures cover both conduct rules for crypto firms and a revised approach to stablecoin oversight by the central bank.
UK updates crypto and stablecoin rules
The UK Financial Conduct Authority finalized crypto rules last month, according to Odaily. The framework gives guidance on capital requirements, market entry, disclosures, and broader conduct rules for crypto companies.
In a separate move, the Bank of England removed a previously proposed limit on holdings of fiat-backed stablecoins. It also cut the share of reserves that issuers must hold at the central bank to 30%, down from 40%.
What the earlier proposal said
CoinDesk reported that a stablecoin proposal published in November 2025 had set holding caps for systemic pound-backed stablecoins. Under that proposal, individuals would have been limited to no more than £20,000, while businesses would have faced a £10 million cap.
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