TechFlow news, June 30, according to CoinDesk reports, the UK Financial Conduct Authority released a draft cryptoasset regulatory framework, proposing to lower the capital buffer requirement for stablecoin issuers from 2% to 1%, lower than similar requirements under the EU's Markets in Crypto-Assets Regulation (MiCA). The regulator stated that this move aims to enhance the applicability and operability of the regulatory framework, while maintaining overall prudential regulatory intensity.
Additionally, UK regulatory authorities also plan to simplify regulatory requirements for crypto trading platforms; under the new rules, relevant platforms need to reserve 40% of trading capital for potential losses, and apply a 40% potential loss haircut to collateral used when conducting lending or trading with third parties.
