UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions

The Bank of England proposed limits of 20,000 pounds per coin for individuals and 10 million pounds for businesses.

A U.K. House of Lords committee said the Bank of England (BOE) should reconsider its proposed limits on consumer stablecoin holdings in a new report.

The cross-party Financial Services Regulation Committee of the U.K. Parliament's second chamber also advised reconsideration of…