BOE Proposes Cap on Retail Stablecoin Holdings
Bank of England proposes a £20,000 cap on retail stablecoin holdings, saying it will protect consumers. Crypto firms warn the narrow exemptions could stifle innovation and shrink the UK market.
BoE
Crypto Industry Unimpressed by Possible Exemptions from Bank of England Stablecoin Cap
The crypto industry has met the Bank of England’s proposed stablecoin cap exemptions with skepticism, arguing the narrow measures fall short of fostering true innovation and will still stifle the UK market.