The UK’s Financial Conduct Authority (FCA) today published final rules for the regulation of cryptoassets and stablecoins, covering trading platforms, custody, disclosure and issuance. The UK’s crypto regime comes into force in October 2027 with applications opening on 30 September 2026. Alongside the FCA policy statements, the Bank of England and FCA jointly set out how they will share oversight of stablecoin issuers deemed systemically important.

The result is a two tier framework in which the FCA regulates all stablecoin issuers while the Bank sets stricter requirements for systemic ones, covering reserves, custody, failure arrangements and initial volume caps

Unlike…