The Bank of England is contemplating exemptions in its proposed stablecoin regulations, responding to industry feedback. Initial plans suggest a personal holding cap of £10,000 to £20,000, while businesses may face a limit of £10 million. Certain crypto exchanges might be exempt from these limits if they require substantial stablecoin holdings. Additionally, the central bank plans to allow stablecoins as settlement assets in its experimental "digital securities sandbox." These exemptions and mechanisms are still under discussion and not yet finalized, according to sources.
Bank of England Considers Exemptions in Stablecoin Regulation
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