UK FCA Finalizes Crypto Rulebook; Bank of England Drops Proposed Caps on Fiat-Backed Stablecoin Holdings
AI Market Summary
The UK FCA's finalized crypto rulebook clarifies capital, conduct, and disclosure expectations, reducing regulatory uncertainty for market participants. Separately, the Bank of England's decision to drop proposed retail/business holding caps for fiat-backed stablecoins and cut central-bank reserve requirements to 30% lowers constraints on stablecoin scalability. Together, these steps signal a more enabling UK framework, supporting near-term risk appetite across major crypto assets.
Impact level
● Medium
Affected assets
BTC/USDT+0.43%
AI Insight · BTC/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ME News reported that on July 11 (UTC+8), the UK Financial Conduct Authority (FCA) confirmed it finalized its crypto regulatory framework last month. The rulebook sets out guidance covering capital requirements, access and disclosure standards, and a wider conduct framework for crypto firms.
The Bank of England has also removed earlier proposed limits on holdings of fiat-backed stablecoins and lowered the share of reserves issuers must hold at the central bank to 30% from 40%.
Under the stablecoin proposal introduced in November 2025, individuals would have been limited to holding up to £20,000 of systemic GBP stablecoins, while businesses would have been capped at £10 million. (CoinDesk) (Source: ODAILY)
