List of Flash News about Bank of England stablecoin cap
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2025-09-15 14:16 |
Bank of England stablecoin cap claim: GBP 10,000–20,000 limit raises questions for UK crypto traders
According to @AltcoinGordon, the Bank of England wants to cap individual stablecoin holdings at GBP 10,000–20,000 per person on systemic risk grounds (source: @AltcoinGordon on X, Sep 15, 2025). Verified public papers show the GBP 10,000–20,000 figure was proposed as an illustrative holding limit for a potential retail CBDC (the digital pound), not for privately issued stablecoins (source: Bank of England and HM Treasury, The digital pound: a new form of money, Consultation Paper, Feb 2023). UK authorities have consulted on regulating fiat‑backed stablecoins and systemic payment systems without setting per‑person holding caps for private stablecoins in those proposals (source: HM Treasury, Regulating fiat‑backed stablecoins: consultation response, Oct 2023; Bank of England, Regulatory regime for systemic payment systems using stablecoins, Oct 2023). For traders, this means no confirmed per‑wallet cap on private stablecoins appears in the latest published UK proposals, but oversight of issuers, wallets, and payment systems is tightening and could affect liquidity and GBP on‑ramps if implemented (source: HM Treasury, Oct 2023 consultation response; Bank of England, Oct 2023 consultation). |