The FCA’s stablecoin and crypto custody roadmap

The UK’s Financial Conduct Authority is preparing a new regulatory framework for stablecoin issuance and cryptoasset custody, aiming to set clearer standards for firms operating in this space. For many, meeting these expectations may involve significant operational and compliance changes.

In this roundtable, Nick Smith, manager, market analysis and policy, payments and digital assets at the FCA, joins OMFIF and industry stakeholders to explore the direction of the regime. We discuss the expectations for firms seeking authorisation and alignment with international frameworks, and examine how this regulation could improve UK market integrity and consumer protection.