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The Bank of England relaxes stablecoin regulations

BlockBeatNews
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BlockBeats News, June 22 — According to market sources, the Bank of England has abandoned its previous proposal of holding limits for individuals and businesses, instead adopting a cap on the initial total issuance of each stablecoin not exceeding 40 billion GBP. At the same time, following industry feedback, the central bank has slightly relaxed the requirements for qualifying reserve assets. This move removes a key obstacle to stablecoin adoption and indicates that the Bank of England is taking a more pragmatic regulatory approach to GBP stablecoins. However, the final rules still need to be finalized before the end of the year, and systemic safeguards remain in place. The market has not shown any obvious reaction in terms of price or trading volume for now.
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