Bank of England
UK MPs Warn BoE Stablecoin Rules Could Drive Innovation Offshore
Cross-party MPs and peers have urged Chancellor Rachel Reeves to rein in the Bank of England’s proposed regime for systemic stablecoins, warning the plans risk pushing crypto innovation and investment out of the UK. They argue the measures could be disproportionate and harm the domestic fintech ecosystem.
Published at 2025-12-12 13:15:13
Bank of England Proposes 60% Government Bond Cap for Major Stablecoins — What It Means for Crypto Markets
The Bank of England has proposed that issuers of major stablecoins may hold up to 60% of reserves in short-term government bonds, a move that tightens rules but raises concerns about liquidity, yield pressure, and market concentration. Industry participants should prepare for higher compliance costs and possible ripple effects across DeFi and exchanges.
Published at 2025-11-10 16:58:27