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Bank of England Softens Stablecoin Rules, Sets £40 Billion Cap
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Bank of England Softens Stablecoin Rules, Sets £40 Billion Cap
The Bank of England has abandoned plans for individual stablecoin holding limits, replacing them with a temporary £40 billion cap on any single systemic token. The central bank also loosened reserve requirements to give issuers more room to invest in short-term U.K. government debt.