UK FCA Finalises Crypto Rules, Sets Stablecoin Issuance Standards

The UK Financial Conduct Authority (FCA) has published final rules for crypto assets, covering trading, custody, intermediation, staking, market conduct, and stablecoin issuance.

Under the new framework, non-systemic qualifying stablecoins issued in the UK must meet requirements for reserve assets, full backing, asset segregation, redemption, and disclosure. Systemically important sterling stablecoins will be jointly regulated by the Bank of England and the FCA.

The new rules mark a shift toward a fully licensed regulatory regime for the UK crypto market and will take effect on October 25, 2027.