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UK FCA’s prudential requirements are high barrier for young crypto firms (update*)

By Phoebe Seers ( July 30, 2025, 13:40 GMT | Comment) -- The UK Financial Conduct Authority has published a series of consultations on proposed crypto and stablecoin regimes, including on stablecoin issuance, cryptoasset custody and prudential requirements. The deadline for feedback on these is tomorrow. The clarity on the future direction of travel has been welcomed, but industry sources told MLex there is concern that the FCA might have set the bar too high with rules that would apply equivalent standards on growing crypto firms to those that apply to established Mifid investment firms.Months of silence from the UK government on its future regulatory framework for cryptoassets was broken in April, when the Treasury published a draft statutory instrument that set the groundwork for cryptoassets and stablecoins to be brought within the regulatory perimeter....

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