Bank of England scraps stablecoin holding limits

The Bank of England (BOE) has eased its stablecoin regulations, Unfolded reported. The central bank has scrapped its previously considered holding limits for individuals and corporations. In its place, the BOE has set a total issuance cap for each stablecoin, initially at £40 billion ($54 billion). It has also reportedly relaxed some requirements for stablecoin reserve assets in response to industry feedback.