🇬🇧 Bank of England Drops Personal Stablecoin Holding Limits
The Bank of England (BoE) has officially scrapped its plan to cap how much stablecoin individuals and businesses can hold, following criticism from lawmakers and the crypto industry.
🔸 Under the original proposal:
• Individuals would have been limited to holding £20,000 in stablecoins
• Businesses capped at £10 million
That plan has now been abandoned.
⚡ Instead, the BoE will apply limits at the issuer level:
Each regulated stablecoin issuer will initially face a circulation cap of £40 billion.
🔸 The BoE also eased reserve requirements:
Stablecoin issuers will now only need to keep 30% of reserves in non-interest-bearing central bank deposits, while up to 70% can be invested in short-term UK government bonds to generate yield.
📌 Under the updated framework:
Users and businesses in the UK will no longer face restrictions on:
• Stablecoin holdings
• Transaction frequency
• Types of stablecoin payments
🇬🇧 The BoE says it plans to gradually relax — and eventually remove — issuer caps entirely as the market matures.
Regulated stablecoins are expected to officially launch in the UK starting in 2027.
This marks one of the clearest signals yet that the UK is positioning itself as a major regulated stablecoin hub.
#IranCutsCrudePrices #MorganStanleyToLaunchEthSolETFsAt0.14% $NVDAB $BTC
The Bank of England (BoE) has officially scrapped its plan to cap how much stablecoin individuals and businesses can hold, following criticism from lawmakers and the crypto industry.
🔸 Under the original proposal:
• Individuals would have been limited to holding £20,000 in stablecoins
• Businesses capped at £10 million
That plan has now been abandoned.
⚡ Instead, the BoE will apply limits at the issuer level:
Each regulated stablecoin issuer will initially face a circulation cap of £40 billion.
🔸 The BoE also eased reserve requirements:
Stablecoin issuers will now only need to keep 30% of reserves in non-interest-bearing central bank deposits, while up to 70% can be invested in short-term UK government bonds to generate yield.
📌 Under the updated framework:
Users and businesses in the UK will no longer face restrictions on:
• Stablecoin holdings
• Transaction frequency
• Types of stablecoin payments
🇬🇧 The BoE says it plans to gradually relax — and eventually remove — issuer caps entirely as the market matures.
Regulated stablecoins are expected to officially launch in the UK starting in 2027.
This marks one of the clearest signals yet that the UK is positioning itself as a major regulated stablecoin hub.
#IranCutsCrudePrices #MorganStanleyToLaunchEthSolETFsAt0.14% $NVDAB $BTC