
The UK just quietly carved out a massive stablecoin loophole while crushing crypto lending
Routine transfers and cash exchanges could qualify, while return-right lending, crypto swaps and continuing custody remain potentially regulated.
FCA policy, institutional products, startups, and the UK’s digital asset regulatory roadmap.

CZ praised KGST on September 5; the separate USDKG project limits direct redemption to institutions, and its issuer has faced UK sanctions since May.

A UK Bitcoin investor recovered 61 BTC worth nearly $5 million from defunct exchange Intersango after more than a decade.

Banks and crypto firms could face penalties equal to 100% of breach value under the proposed enforcement overhaul.

Its first crypto gains table covers 17,600 taxpayers, while CARF data will begin reaching the agency in 2027.

JAN3's 2025 B20 combines policy advances with enforcement custody, while dated Treasury records separate the coins from national reserves.

Shareholders approved liquidation and delisting, but the record time fixes participation, not payment or court approval.



