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

CoinDesk Staff

(11:01 PM UTC)

1 min read

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…

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