Shenchao TechFlow news, June 30, according to CoinDesk, the UK Financial Conduct Authority released a draft regulatory framework for crypto assets, proposing to lower the capital buffer requirement for stablecoin issuers from 2% to 1%, which is lower than the similar requirement 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.

In addition, UK regulators also plan to simplify regulatory requirements for crypto trading platforms; under the new rules, relevant platforms will need to set aside 40% of trading capital for potential losses and apply a 40% potential loss discount to collateral used in lending or trading activities with third parties.