BoE weighs new stablecoin rules after industry pushback
The Bank of England is exploring temporary guardrails on total stablecoin issuance instead of individual holding caps to protect credit provision. Deputy Governor Sarah Breeden announced that draft rules will be published next month and finalized by the end of 2026.
Xurve View
Xurve View
The United Kingdom is exploring alternatives to its proposed £20,000 individual limit on stablecoin holdings following industry pushback. The Bank of England may replace strict individual caps with temporary guardrails on total issuance. This shift signals the regulator's intent to prevent rapid bank deposit outflows to digital currencies while supporting the cryptoasset sector.
