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.
