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Bank of England to Allow Stablecoin Holding Exemptions for Crypto Firms
Bank of England to Allow Stablecoin Holding Exemptions for Crypto Firms
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BTCCSquare news:
The Bank of England is reconsidering its strict stance on stablecoin holdings, signaling potential exemptions for crypto exchanges. This shift aligns with growing industry demands and international regulatory trends, particularly the U.S. GENIUS Act.
Initial proposals capped individual stablecoin holdings at £20,000 and business holdings at £10 million. Now, the central bank appears poised to accommodate certain entities within its Digital Securities Sandbox framework.
The MOVE reflects mounting pressure to balance innovation with oversight as stablecoins gain traction in global finance. Market participants view this as a positive step toward institutional crypto adoption.
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