The Bank of England has announced new regulatory measures for stablecoins, removing individual holding caps and easing reserve asset requirements. The central bank will now limit the total issuance of each stablecoin to £40 billion (approximately $52.84 billion). These changes come as part of the final policy and draft rules released on Monday, following last year's industry consultation.
The Bank of England's adjustments aim to provide a more flexible framework for stablecoin issuers while maintaining financial stability. The central bank plans to finalize these rules by the end of the year, marking a significant shift in its approach to digital currencies.
Bank of England Eases Stablecoin Regulations, Lifts Holding Caps
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