BoE Considers Easing UK Stablecoin Caps After Industry Backlash

Cointelegraph Staff

(10:12 AM UTC)

1 min read

The Bank of England (BoE) is reconsidering parts of its proposed regime for pound sterling stablecoins after digital asset companies warned that holding caps and reserve requirements could stifle adoption and make UK-issued tokens uneconomic.

The central bank is looking at alternatives to temporary caps on how many stablecoins individuals and businesses can hold, and is examining whether its…

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