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The Independent UK

Business

Henry Saker-Clark

Bank of England proposes ownership limits in new stablecoin rules

Bank of England Sarah Breeden United Kingdom

The Bank of England has partly softened proposals for ownership restrictions on UK stablecoins as it pushes forwards with new rules for the cryptocurrency.

On Monday, the central bank said it is planning to temporarily impose caps on holdings of stablecoins, which are cryptocurrencies pegged directly to traditional assets such as real currency.

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