The UK may partially ease the limits on stablecoin holdings.

GateUser-6433627c · 2025-10-08T02:51:38+00:00

The Bank of England plans to grant exemptions on the limits for stablecoin holdings, allowing specific businesses to hold more stablecoins, and will announce relevant restrictions before the end of the year. This change aims to facilitate the assessment of technology applications while addressing the dissatisfaction of encryption companies with strict regulations.

GateUser-6433627c

2025-10-08 02:51:38

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On October 8, the Bank of England plans to grant exemptions to its proposed limits on stablecoin holdings, allowing cryptocurrency trading platforms and other specific businesses to hold larger quantities of stablecoins. The Bank of England is expected to announce these stablecoin restrictions by the end of this year. At the same time, the central bank will allow businesses to use stablecoins as settlement assets in its “digital securities sandbox” so that they can observe the operation of stablecoins in practice when assessing the prospects of the technology's application. Previous reports indicated that several crypto companies are lobbying the Bank of England to reconsider its limits on stablecoin holdings. These companies believe that such restrictions put the UK at a disadvantage, as its regulation of the stablecoin industry is stricter than that of the US or the EU. The Bank of England had previously planned to set the personal holding limit for stablecoins at £10,000 to £20,000, with a holding limit for businesses set at £10 million. ( Jin10 )

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