Why are crypto companies against the UK stablecoin caps?

[madtrader]

Q: Why are founders and companies pushing back?
A: Many businesses say the caps are too restrictive for real-world use. Companies handling cross-border payments or large transactions could hit the £10 million limit quickly, making stablecoins impractical for daily operations.

Q: Could this impact the UK crypto industry?
A: Yes, critics argue it could push startups and talent to more crypto-friendly countries, slowing innovation and reducing the UK’s competitiveness in the global market.

[johnblockbuster]

£10 million cap for “daily operations” perfect if your business model is staying small on purpose