Search results for systemic stablecoins
Crypto
UK releases draft stablecoin rules, drops individual, corporate holding limits
The Bank of England has released a draft framework for regulating systemic stablecoins and eased reserve requirements. It removed proposed holding limits for individuals and companies, instead introducing a temporary issuance cap of 40 billion pounds. The draft sets operating standards for regulated pound-pegged stablecoins in the UK. It applies only to payment and retail-focused tokens, while non-systemic stablecoins used mainly for crypto trading fall under Financial Conduct Authority oversight.
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.
Crypto
UK House of Commons holds stablecoin hearing, finalises bank regulation plan
The UK House of Commons Financial Services Regulation Committee is holding a hearing on stablecoin regulation and reviewing the adequacy of proposals presented by the central bank and financial authorities, Cointelegraph reported on Jan. 29. The inquiry will focus on stablecoins’ impact on the traditional financial system, including opportunities and risks. The Bank of England and the Financial Conduct Authority are preparing rules, with implementation planned for October 2027.