UK Reduces Capital Requirements for Stablecoin Issuers

has introduced new digital asset regulations as part of its ongoing quest to become a cryptocurrency hub. The country’s Financial Conduct Authority (FCA) issued new rules Tuesday (June 30) for crypto companies, mandating they meet capital and stress testing requirements as well as market integrity rules governing insider trading and market manipulation. The new framework also sets out rules for stablecoins , including a reduced capital requirement for stablecoin issuers, from 2% to 1%.