Woofun AI reports that the UK Financial Conduct Authority finalized comprehensive crypto regulations last month, establishing guidelines for capital requirements, admission standards, disclosure protocols, and a wider conduct framework for digital asset firms. The Bank of England concurrently withdrew proposed caps on fiat-backed stablecoin holdings, which had previously restricted individual systemic sterling stablecoin ownership to £20,000 and corporate holdings to £10 million.

Additionally, the central bank lowered the mandatory reserve requirement for issuers from 40% to 30%.