UK Central Bank Softens Stablecoin Limits Amid Industry Pressure ...Middle East

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UK Central Bank Softens Stablecoin Limits Amid Industry Pressure

The Bank of England is reconsidering its earlier plan to impose strict limits on the amount of stablecoins that businesses can hold. According to Bloomberg, the central bank now plans to allow exemptions for certain firms, including cryptocurrency exchanges, that need to maintain large stablecoin reserves for settlement and liquidity.

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