Bank of England Eases Stablecoin Rules, Swaps Holding Caps for £40B ‘Guardrail’
The BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.
The Defiant·
The Bank of England published its policy statement and draft Code of Practice for systemic stablecoin issuers on Monday, replacing per-person holding caps with a £40 billion issuer-level guardrail and lifting the gilt share of reserves to 70%. Industry feedback is open until 22 September.
Read full articleThe BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.
BoE replaces stablecoin holding caps with a £40B issuance limit framework. Stablecoin issuers can now hold 70% of reserves in UK government debt. New rules aim to balance digital payment innovation with financial stability. The Bank of England has unveiled a revised regulatory framework for systemic stablecoins, removing proposed limits on individual holdings and easing […] The post Bank of England Drops Stablecoin Holding Caps in Major Policy Shift appeared first on Live Bitcoin News.
The Bank of England has published its final policy positions and draft rules for systemic stablecoins, softening parts of its earlier proposal. The central bank dropped individual holding caps and instead proposed a temporary $52.9 billion (£40 billion) issuance limit for each systemic stablecoin. Bank of England Revises Stablecoin Rules to Support Growth The Bank […]
Bank of England softens sterling stablecoin rules, dropping individual holding limits for a £40B issuer cap and looser reserve treatment.
The Bank of England published draft rules for systemic stablecoins, easing reserve requirements and replacing holding limits with a temporary 40 billion pound issuance cap.
The Bank of England has removed proposed limits on individual stablecoin holdings and eased reserve requirements in its final policy and draft rules for systemic stablecoins. The central bank said on Monday that it will no longer proceed with plans…
The BoE's new framework could boost sterling stablecoin adoption, enhancing UK financial innovation while ensuring systemic stability. The post Bank of England drops holding limits on sterling stablecoins, sets £40B cap appeared first on Crypto Briefing.