Lawmakers Say Bank of England Stablecoin Proposals Will ‘Limit Adoption, Push Activity Overseas’ – Decrypt
In brief The Bank of England proposed capping stablecoin holdings at £20,000 for individuals and £10 million for businesses, with restrictions on how issuers hold backing assets. Industry leaders and politicians warn the caps will stifle innovation and drive activity overseas, as no other major jurisdiction imposes similar limits. The rules would apply only to...
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