UK Regulators Reconsider Strict Stablecoin Framework Amid Industry Concerns
The Bank of England is revisiting its proposed stablecoin regulations after facing industry backlash over overly strict reserve requirements. The original framework, which included non-interest-bearing reserves and user holding limits, was criticized for threatening the viability of UK-issued stablecoins and pushing firms overseas.
Topics: Bank of England Regulation Stablecoins UK