stable coins
By Pankaj K
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What the Rules Actually Cover. Financial resilience is the core of it. Capital requirements and stress testing are mandatory —…
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Industry Reaction and FCA Engagement. Industry stakeholders have broadly backed the FCA's direction, at least publicly.
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The UK's Financial Conduct Authority just dropped its full crypto rulebook. Firms trading, holding, or issuing cryptoassets — stablecoins included — have until October 2027 to…
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The framework is pretty broad. Capital requirements, stress testing, rules against insider trading, rules against market manipulation — the FCA wants crypto firms to operate…
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Authorization windows open September 30, 2026.
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That's not far off. Firms that want to operate legally under the new regime need to start their applications basically as soon as that window opens — maybe sooner, given how long…
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Financial resilience is the core of it. Capital requirements and stress testing are mandatory — firms need to show they can absorb shocks without collapsing and taking customer…
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Stablecoins are a separate and more complicated piece. The FCA and the Bank of England are handling that one jointly.
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The FCA will also issue further guidance on decentralized finance and operational resilience for firms using distributed ledger technology.
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More context: UK Crypto Firms Face February 2027 FCA Authorization Cutoff
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Industry stakeholders have broadly backed the FCA's direction, at least publicly. The clarity is the thing people keep pointing to — knowing what the rules are, even if they're…
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A webinar on July 17 will go through the policy statements in more detail. Firms that haven't already started paying attention probably should tune in.
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There's also a financial crime angle. Further consultations are planned to update relevant financial crime guides specifically for crypto firms.
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The FCA's been pretty deliberate about framing all of this as a growth-friendly regime, not just a crackdown.
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Pre-application support is already available. Firms can book meetings with the FCA now to get guidance before the September 30 window opens.
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