Tag: Stablecoin Limits
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UK Crypto Groups Push Back Against Bank of England’s Stablecoin Limits
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The Bank of England’s proposal to cap individual holdings of stablecoins has drawn sharp criticism from UK crypto and payments industry groups, who warn that the move would be costly, impractical, and could undermine the country’s position in global digital finance. The Bank’s Proposal In November 2023, the Bank of England (BoE) published a discussion…