TLDR Tech / Fintech
UK dilutes stablecoin capital requirement in final crypto rulebook
The UK's Financial Conduct Authority reduced its proposed stablecoin issuer capital requirement from 2% to 1% of outstanding issuance after industry pushback, as part of its final rulebook bringing crypto fully under FCA supervision. The move reflects the UK's attempt to balance consumer protection with global competitiveness, though even the lower requirement may remain burdensome versus potentially lighter US stablecoin rules.
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