UK’s BoE to Ease Stablecoin Limits After Adjusting to New Digital Money

Sarah Breeden, Deputy Governor of the Bank of England (BoE), announced a temporary shift in stablecoin regulation. Instead of immediately applying caps on digital asset holdings, the BoE aims to implement a more flexible approach as the financial system adapts to new forms of digital currency. This shift comes after months of criticism from crypto firms and fintech groups who argued that proposed limits would hinder innovation in the UK.