Bank of England Plans Exemptions On Proposed Stablecoin Holding Caps

The Bank of England is preparing to allow exemptions to proposed limits on stablecoin holdings, a move that signals a more flexible stance on digital assets as global competition intensifies. Bloomberg reported Tuesday that the UK’s Bank of England plans to grant waivers to certain firms, such as crypto exchanges that may need to hold large amounts of stablecoins for liquidity and settlement. The bank also intends to permit the use of stablecoins as settlement assets in its Digital Securities Sandbox, of ...