The Bank of England published draft rules for systemic stablecoins, easing reserve requirements and replacing holding limits with a temporary 40 billion pound issuance cap.
Technical Analysis
Bank of England eases stablecoin rules, sets 40B pound issuance cap. Draft rules for systemic stablecoins lower reserve reqs. Why it matters: Could boost UK crypto ecosystem, attract more stablecoin issuers. Still developing.
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