💐Bank of England Proposes Caps on Stablecoin Ownership❣️

The BoE is considering limits on how much individuals and businesses can hold in systemic stablecoins — proposed caps around £10,000-£20,000 for individuals, and up to ~£10 million for businesses. The rationale is financial stability and to prevent stablecoins from displacing bank deposits. Industry players argue it could hamper adoption and innovation.

3 Key Takeaways:

Caps could change how people use stablecoins — less for large value storage, more for transactions.

Enforcement may become complex (wallet tracing, identity systems).

If other jurisdictions remain more open, UK could lose competitive advantage.

#Stablecoins #UKFinance #Regulation #DigitalAssets #BoE