Deep Tide TechFlow news: On June 22, Reuters reported that the Bank of England released its final policy and draft rules for stablecoins on Monday, relaxing some of the recommendations raised during last year’s industry consultations. The Bank of England dropped plans to set a personal holding limit and instead will limit the total issuance of each stablecoin, with an initial cap of 40 billion pounds (about 52.84 billion USD). The central bank also slightly eased reserve asset requirements and plans to finalize the rules by the end of this year.

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