The United Kingdom's Financial Conduct Authority (FCA), in collaboration with the Bank of England, has launched a public consultation on proposed regulations targeting stablecoins and cryptocurrency custody. This initiative aims to establish a regulatory framework to oversee stablecoins and crypto custody practices, emphasizing financial stability. The FCA is seeking public feedback on these regulatory proposals to shape the future governance of digital assets in the UK. Separately, the Central Bank of Russia has approved crypto-related products for qualified investors, signaling regulatory progress in the Russian crypto market.