UK Crypto Groups Criticize Bank of England’s Proposed Stablecoin Caps: Report

UK Crypto Groups Criticize Bank of England’s Proposed Stablecoin Caps: Report

FT reports Bank of England’s plan to cap systemic stablecoin holdings faces pushback from Coinbase and UK trade groups over enforcement and competitiveness.

Bank of England's Stablecoin Cap Proposal Criticized as 'Restrictive'

The post Bank of England’s Stablecoin Cap Proposal Criticized as ‘Restrictive’ appeared on BitcoinEthereumNews.com. In brief The Bank of England proposal would cap stablecoin holdings at £10,000-£20,000 for individuals and £10 million for businesses. A Coinbase executive said the caps would be “bad for UK savers, bad for the City and bad for sterling.” Banking officials in the U.S. have also raised concerns about the market impact of stablecoins…

Bank of England proposes stablecoin ownership limits amid criticism over potential impact on UK’s digital standing - The Cryptocurrency Post

The Bank of England has proposed limits on stablecoin ownership that have been met with widespread criticism for being excessively restrictive. The measure directly affects users, businesses, and the UK’s appeal as a digital hub, sparking a debate between regulatory prudence and technological innovation. Context and Impact The proposal seeks to impose a limit of £10,000–£20,000 for individual users and a cap of £10 million for businesses. While …

Crypto Firms Want UK to Relax Stablecoin Ownership Caps

Cryptocurrency companies are reportedly lobbying the Bank of England to rethink its stablecoin ownership limits.

Bank of England Faces Crypto Backlash Over Stablecoin Limits

The Bank of England plans to cap stablecoin ownership for individuals and for businesses. Crypto groups argue the UK proposed limits harm innovation and enforcement feasibility. BoE says limits are transitional, aimed at protecting financial stability from rapid outflows. The Bank of England’s plan to restrict stablecoin ownership is facing sharp criticism from cryptocurrency and payments groups. The central bank has proposed strict caps that co…