BoE suggests limiting stablecoin holdings to £20,000 per head
Crypto Briefing
The Bank of England proposed temporarily limiting individual stablecoin holdings to £20,000 to ensure financial stability.Summary
The Bank of England (BoE) has proposed a temporary limit of £20,000 on individual stablecoin holdings as part of its framework for regulating digital assets. The central bank stated these limits are intended to maintain financial stability while the UK transitions to new digital finance rules, aligning with international standards, particularly regarding systemic stablecoins used for payments, similar to the US timeline. However, members of the crypto industry have voiced concerns, arguing that such strict measures send a negative signal to businesses and could negatively impact innovation and the UK's competitiveness in the digital asset space.
(Source：Crypto Briefing)