The UK Just Dropped Its Stablecoin Rulebook—And That 40% Cash Requirement Could Reshape The Crypto Market

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Bank of England unveiled comprehensive regulations on Nov. 11 that could make the U.K. a global hub for digital assets—or drive major stablecoin issuers straight to America’s more lenient shores. The proposals introduce strict reserve requirements for “systemic” stablecoins, with issuers forced to park 40% of their backing in non-interest-bearing accounts at the BoE and another 60% in U.K. government b ...