The Bank of England (BOE) has published the highly anticipated consultation paper on its proposed regulatory regime for stablecoins, set to be implemented in the second half of next year.

BOE Moves Forward With Stablecoin Holding Limits

On Monday, the Bank of England released a new consultation paper on its proposed regulatory framework for sterling-denominated systemic stablecoins, addressing backing rules and holding limits.

The BOE’s new framework is built on feedback received on the November 2023 Discussion Paper, reflecting the Bank’s efforts to draft “robust, future-proof” rules that are aligned with the regulator’s strategy to modernize UK retail payments.

Notably, the Bank has moved forward with a controversial proposal to cap stablecoin ownership to “mitigate financial stabi

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