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UK Central Bank Softens Stablecoin Limits Amid Industry Pressure
UK Central Bank Softens Stablecoin Limits Amid Industry Pressure
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BTCCSquare news:
The Bank of England has signaled a shift in its approach to regulating stablecoins, walking back earlier proposals that would have imposed stringent caps on corporate holdings. Under revised plans, cryptocurrency exchanges and other firms requiring substantial stablecoin reserves for liquidity or settlement purposes may qualify for exemptions.
This policy recalibration follows sustained pushback from digital asset industry participants, who argued that overly restrictive rules could stifle innovation and disrupt market functioning. The central bank's move aligns with a broader global trend of regulators refining crypto frameworks to balance risk management with ecosystem growth.
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