BlockBeats News, May 28th, the UK Financial Conduct Authority (FCA) has published a proposal for public feedback on draft regulations regarding stablecoins and crypto asset custody. Its regulatory proposal is a "latest milestone on the cryptocurrency regulatory journey." The 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 collaborate with the Bank of England to regulate stablecoins. The feedback deadline is July 31, 2025.
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