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Bank of England Defends Temporary Stablecoin Caps as Stability Measure

Bank of England Defends Temporary Stablecoin Caps as Stability Measure

Author:

Global Cryptocurrency

Published:

2025-10-16 06:09:02

22

2

BTCCSquare news:

The Bank of England has clarified that its proposed limits on stablecoin holdings are temporary, aimed at safeguarding financial stability. Deputy Governor Sarah Breeden emphasized the caps—£10,000-£20,000 for individuals and £10 million for businesses—are designed to prevent disruptive outflows from the banking sector.

Critics argue the move could stifle the UK's ambition to become a crypto hub, potentially diverting innovation to more lenient jurisdictions. A consultation to refine the rules is slated for late 2025.

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