Bank of England Plans Exemptions to Stablecoin Limits: Bloomberg

The Bank of England (BoE) is planning exemptions to its proposed limits on stablecoins holdings, Bloomberg reported on Tuesday. The BoE will grant waivers to some firms that need to hold large amounts of tokens, like crypto exchanges, the report said, citing a person familiar with the matter. The U.K.'s central bank will also allow firms to use stablecoins for settlement in its Digital Securities Sandbox, the people said. Stablecoins are digital tokens tied to the value of traditional financial (TradFi) ...