The new regulatory regime covers trading, custody of crypto assets, and staking. Companies are required to comply with the following requirements:
1️⃣ capital and transparency,
2️⃣ consumer protection,
3️⃣ operational resilience.
🤑 Stablecoins will be classified as securities rather than electronic money.
1️⃣ Tokens issued in the United Kingdom must meet strict requirements.
2️⃣ Foreign stablecoins — only through regulated platforms.
📌 To operate in the country, companies will need licenses from the FCA (UK financial regulator).
💠 Bitget:
"It is now clear what types of activities need to be licensed."
"But the exceptions from the EMR may slow down the use of stablecoins in payments."
💰 Lawyers: The UK has adopted a tough approach similar to the regulation of securities, unlike the softer MiCA regime in the EU.
📢 Subscribe to #MiningUpdates to stay updated on crypto industry news!
#CryptoRegulation #UKCrypto #Stablecoins #FCA #CryptoNews
