Bank of England Limits Stablecoin Holdings: A £20,000 Limit for Individuals

The Bank of England (BoE) has proposed temporary limits on stablecoin holdings to manage the growing use of digital currencies. Individuals can hold up to £20,000 in systemic stablecoins, while most businesses are capped at £10 million. This move is part of a plan to ensure stability and address concerns about large-scale deposit outflows into stablecoins.