Episode Details

Britain’s financial watchdog, the FCA, has softened its stablecoin rules after industry feedback, slashing the capital requirement from 2% to 1% of total issuance — a move designed to balance consumer protection with global competitiveness. Alongside easing redemption timelines and removing some public disclosure mandates, the FCA is tailoring crypto trading rules to reflect real market dynamics. These changes, effective October 2027, mark the first time crypto assets fall under FCA supervision, though systemic stablecoins will still face stricter oversight by the Bank of England. While the new rules apply only to pound-denominated stablecoins — a smaller slice of the global market — regulators aim to foster innovation without compromising stability. Critics note the 1% threshold remains tough, especially amid evolving international regulations.

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