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Crypto

Bank of England reconsiders reserve rules for pound stablecoins

The Bank of England is re-examining holding limits and reserve requirements it planned to apply to pound-denominated stablecoins. It is weighing whether to keep temporary caps on how much individuals and companies can hold and whether requiring at least 40 percent of reserve assets to sit as non-interest-bearing deposits at the central bank is too conservative. The review follows industry concerns that the rules would be hard to supervise and would hurt profitability.

Industry

Korea display big two expected to hold up in Q1 despite memory headwinds

Korea\'s two biggest display makers are expected to post relatively resilient first-quarter results despite weaker smartphone shipments linked to rising memory chip prices. Samsung Display is seen supporting earnings by supplying panels for flagship models such as the Galaxy S25 series. LG Display is forecast to return to operating profit, helped by base effects from one-off costs booked in the fourth quarter and a gap left by Chinese rivals.

Crypto

Bank of England hints it may withdraw proposed stablecoin holding limits

The Bank of England has left open the possibility of withdrawing proposed limits on stablecoin holdings. Deputy Governor Sarah Breeden told a UK House of Commons committee that if stablecoins spread as substitutes for bank deposits, they could lead to reduced lending and tighter credit, and that holding caps were one way to prevent that. The industry has objected, saying caps would portray Britain as hostile to crypto and push firms abroad, hurting growth and innovation.