Bank of England Eases Stablecoin Rules but Keeps Strict Holding Caps — Here Is How the New Regime Could Reshape the Market

The Bank of England has decided to ease certain regulations surrounding stablecoins, allowing for greater flexibility in their use and management; however, the institution has maintained stringent limits on the amount that can be held. This new regulatory framework could potentially transform the landscape of the stablecoin market by encouraging innovation and fostering competition while still ensuring that there are robust safeguards in place to mitigate risks associated with these digital assets. In this context, it’s essential to examine how this revised approach might influence market dynamics and the overall adoption of stablecoins in the financial ecosystem. source: https://blocknews.com/bank-of-england-eases-stablecoin-rules-but-keeps-strict-holding-caps-here-is-how-the-new-regime-could-reshape-the-market/