Bank of England eases stablecoin rules, introduces 40B pound issuance cap
CoinTelegraph·
60-second summary
The Bank of England is easing stablecoin rules, introducing a temporary 40-billion pound issuance cap. Draft rules published today replace holding limits with a more flexible approach, easing reserve requirements for systemic stablecoins. This move aims to foster innovation while mitigating risks, potentially paving the way for wider adoption of stablecoins in the UK financial system.
The Bank of England published draft rules for systemic stablecoins, easing reserve requirements and replacing holding limits with a temporary 40-billion British pound issuance cap.