Crypto Industry Wins Concessions as Bank of England Plans Stablecoin Cap Waivers

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The Bank of England is set to grant major exemptions to its controversial stablecoin holding limits, a direct response to widespread industry concerns.

The new plan, reported by Bloomberg, will create waivers for crypto exchanges and certain businesses, allowing them to hold amounts far exceeding the proposed £10 million corporate cap.

This shift acknowledges the practical needs of the crypto sector and follows criticism that the UK’s initial approach was unworkable and threatened its competitiveness against more progressive markets like the US.