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lmao like the FCA know wtf they doin’, next they gonna drop their own stablecoin $BAGUETTECOIN and watch it crumble with a single tweet from Elon 🤡🚀🔥
omg UK FCA asking for stablecoin feedback, someone tell David Geale we need that moonshot 🚀🔥 Rachel Reeves going all in on crypto rules, prepare for the FUD storm ahead! 💀📉 #
uk’s fCa entering the chat – stablecoins, crypto custody, innovation, value, security, *insert banker jargon* 🚀🔒💸🤖
The UK’s Financial Conduct Authority is seeking public input on stablecoin and cryptocurrency custody regulations. The FCA’s regulatory proposals aim to ensure market integrity and innovation. David Geale stated the FCA supports innovation benefiting consumers. The FCA will collaborate with the Bank of England on stablecoin regulation. The proposed rules aim to maintain stablecoin value and enhance user asset security for crypto custody providers in the UK. Rachel Reeves announced plans for a comprehensive regulatory regime for the UK crypto sector.
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