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UK House of Lords Committee Calls on Bank of England to Reconsider Stablecoin Holding Limits on June 3

Regulation & Policy

2026-06-03 00:06:02

According to CoinDesk on June 3, the UK House of Lords Financial Services Regulation Committee recommended that the Bank of England reconsider its proposed stablecoin holding restrictions. The committee advised monitoring market growth instead of implementing predetermined caps, with limits only when financial stability risks clearly require them. The Bank of England previously proposed individual holding caps of £20,000 per stablecoin and £10 million for enterprises. Last month, Bank of England Deputy Governor acknowledged the proposed caps and reserve requirements were "overly conservative" and confirmed the central bank is exploring alternative risk management approaches.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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