Crypto Industry Pushes Back Against Bank of England Stablecoin Ownership Caps

Cryptocurrency groups and industry executives are urging the Bank of England to abandon proposed ownership caps on systemic stablecoins, £10,000–£20,000 (about $13.5K to $27K) for individuals and £10 million (about 1.35M) for businesses, arguing the limits would put the UK at a competitive disadvantage versus the US and EU and be costly or infeasible to […]