UK undercuts EU on stablecoin capital requirements
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FCA relaxation from 2% to 1% could spark “race to the bottom” on capital
UK regulators have halved capital requirements for stablecoin issuers, in a bid to balance risk management and innovation. But some fear a divergence from European Union rules could trigger a race to the bottom on risk.
The UK’s Financial Conduct Authority published amended proposals for non-systemic issuers in the forthcoming crypto asset regime on June 30, just a week after amendments from the
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