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đš Big moves in the UK crypto space!
The UKâs financial watchdog is setting the stage for new rules around stablecoins and crypto custody â aiming to better protect users while still leaving room for innovation.
Hereâs whatâs on the table: đč Stablecoins must be fully backed by liquid assets â meaning users can cash out at face value anytime
đč Crypto custodians must make sure customer assets are secure and always accessible
đč Public input is open until July 31, with new rules expected to roll out by 2026
The crypto world has mixed feelings. Some see this as a positive step toward trust and legitimacy. Others worry that without clearer guidance on tech flexibility, these rules might create more questions than answers.
Whatâs certain? The UK is moving fast to become a global leader in the digital asset space â and all eyes are watching.
At Binance, weâre following closely and continue to support efforts that balance user protection with open innovation.
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