Bank of England Scraps Individual Stablecoin Caps, Sets £40B Issuance Ceiling

The Bank of England has abandoned limits on individual stablecoin holdings, replacing them with a temporary £40 billion ceiling for each systemic coin. The change removes caps of £20,000 per person and £10 million per business, which respondents called costly and difficult to enforce. Users may transact without restrictions on size, frequency, or purpose, subject […] Read The Full Article Bank of England Scraps Individual Stablecoin Caps, Sets £40B Issuance Ceiling On Coin Edition.