stablecoin holdings
The Bank of England has proposed setting a £20,000 limit on individual holdings of stablecoins to manage financial risks associated with digital currencies. This initiative aims to provide a regulatory framework for the growing stablecoin market in the U.K. and ensure greater consumer protection amid increasing popularity of these assets. The Bank acknowledges the potential benefits of stablecoins, yet emphasizes the need for strict measures to mitigate associated risks. Authorities are soliciting feedback on this proposal as part of an ongoing effort to balance innovation in digital finance with regulatory oversight.
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