Crypto Group Slams Bank of England’s ’Unworkable’ Stablecoin Ownership Limits

Regulators just don't get it—again.

The Bank of England's latest proposal to cap stablecoin ownership is facing fierce backlash from industry insiders who call the measures downright unworkable. Crypto advocates argue such restrictions would strangle innovation and push legitimate players into regulatory gray zones.

Who's surprised? Traditional finance has always struggled to keep pace with digital asset evolution. Limiting ownership might look good on paper—another attempt to control what they barely understand—but in practice? It’s a recipe for fragmentation, compliance chaos, and more off-shore maneuvering.

Stablecoins are meant to streamline payments, enhance liquidity, and bridge traditional and crypto economies. Artificial ceilings on ownership undermine these very benefits. Instead of fostering security, heavy-handed rules often just drive activity underground—or overseas.

Maybe it’s time regulators actually talked to builders instead of bureaucrats. But then again, when has banking ever moved at blockchain speed?