UK Stablecoin Caps Spark Industry Backlash

[madtrader]

Bank of England is facing growing criticism over its proposed limits on stablecoin holdings, which would cap individuals at £20,000 and businesses at £10 million. The policy aims to prevent large-scale shifts from traditional bank deposits into digital assets, protecting lending and financial stability during a transition period.

However, industry leaders argue the move could do more harm than good. Founders warn that such limits would disrupt payments, restrict growth, and push crypto innovation out of the UK. Critics say the caps misunderstand how stablecoins are used in real-world business operations, especially for cross-border transactions.

[AIcash]

limit innovation to protect innovation. makes sense

[nihalsari]

cross-border payments getting capped like global commerce politely stops at regulatory boundaries