The FCA‘s final cryptoasset rules halve the capital charge that applies to stablecoin issuance. is this a signal the regulator wants volume to build, and argues the harder question for a bank is not whether stablecoins become a payment rail but whether it can carry that volume on the risk infrastructure it already runs.

Dan Holmes of Feedzai on the FCA’s halved stablecoin capital charge, and why banks that run crypto on a separate stack will end up carrying the risk.

Feedzai works in financial risk management and fraud prevention. The Fintech Times put five written questions to Holmes on what the rules change, what trust on a crypto rail actually requires, and how fraud…