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The Financial Conduct Authority (FCA), which oversees banking and investment products in the U.K., unveiled a timeline detailing key dates and milestones it’s working toward on its regulatory roadmap for crypto. In the fourth quarter, the regulator will launch discussion papers on the rules governing the issuance and custody of stablecoins, as well as admission and disclosure processes and how to tackle market abuse.
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The FCA findings “highlight the need for clear regulation that supports a safe, competitive, and sustainable crypto sector in the U.K.,” Matthew Long, director of payments and digital assets at the FCA, said in a statement Tuesday.
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