'A Poison Pill For Britain's Financial Sector': Nigel Farage Slams Bank of England Stablecoin Ownership Cap

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Bank of England is sabotaging Britain’s position as a global financial leader with proposed caps on individual stablecoin holdings, Reform UK leader Nigel Farage says. “This is nothing less than a poison pill for the U.K. financial sector,” Farage wrote in a Nov. 11 opinion piece for business news outlet City AM. The Bank of England on Nov. 10 released a consultation paper proposing a “temporary” £20, ...