Bank of England Softens Stablecoin Cap Plan After Pushback

UK police Bitcoin. Photo by BeInCrypto The Bank of England (BoE) is moving ahead with plans to impose limits on stablecoin holdings, but will introduce exemptions following industry criticism. While the regulator seeks to contain financial risks in digital assets, the revised framework may allow certain crypto firms to maintain larger reserves and use stablecoins for settlement within regulatory sandboxes. BoE Moves to Cap Stablecoin Holdings with Industry Carve-outs The Bank of England is preparing to ...