CryptoCoinDeskabout 1 hour ago
UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements
1 min read
The FCA cut stablecoin issuer capital requirements to 1% of circulating value from the proposed 2%. The change undercuts the EU's MiCA regulation's 2% equivalent. The FCA also aims to simplify crypto exchange rules. The Bank of England previously abandoned a 20,000-pound stablecoin cap.
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