News
OCC stablecoin rule changes and UK FCA draft licensing guidance
The OCC issued a final rule requiring stablecoin issuers to accept direct redemptions from retail holders, with onboarding checks and a two‑business‑day payment deadline effective Jan 18 2027, removing a seven‑day extension. The rule also mandates supervisory notification for large requests. The UK FCA proposed licensing requirements for crypto apps whose algorithms select trade routes, with a transition application deadline of Feb 28 2027. Additionally, US spot Bitcoin ETFs lost about $635 million on Oct 22, and Coinbase will cease GYEN transfers on Oct 26, converting remaining balances to USDC.