🇬🇧 The UK Launches Crypto Framework: Stablecoins and Custody Under Regulatory Scrutiny

The UK's FCA and the Bank of England have announced the creation of a new regulatory framework for stablecoins and crypto custody services. This is the first full-fledged step towards forming a regulated crypto economy in the country.

📆 The document is already under discussion — until July 31, 2025, and final rules will come into effect in 2026.

📋 Key Provisions:

— 🪙 Stablecoin issuers are required to ensure transparency and reliable backing

— 🏦 The Bank of England will oversee systemically important stablecoins

— 🛡 The FCA introduces clear standards for custody providers — from storage to capital management

— ⚖️ The goal is to balance innovation with consumer protection

📌 Why This Matters:

— Britain is moving from observation to actively building a crypto market on its own terms

— Businesses gain clarity and predictability

🧭 Conclusion:

The UK is no longer an observer and is becoming an architect of the digital financial environment. This framework could serve as a model for other countries — especially as Europe tightens regulations while the US is just beginning to ramp up.