X @Ignas | DeFi

The Bank of England wants to cap stablecoin holdings at £20k.It’s not about protecting users, it’s about protecting the old system.Old system is scared of deposits leaving banks and moving onto superior system- crypto.This is how capital controls start.Stani.eth (@StaniKulechov):The Bank of England is proposing a cap on individual stablecoin holdings, limiting ownership to just £10,000–£20,000 per person in the name of “systemic risk.”This is absurd, and we need to push back against this kind of regulation. ...