The Bank of England has included a £20,000 limit on individual holdings and a £10 million cap on corporate stablecoin holdings as part of its upcoming...

The Bank of England said Monday it aims to "build trust" in stablecoins in the UK, which would be pegged to the pound under proposed national rules for the cryptocurrency. "Our objective remains to support innovation and build trust in this emerging form of money."

The Bank of England said Monday it aims to "build trust" in stablecoins in the UK, which would be pegged to the pound under proposed national rules for the cryptocurrency. "Our objective remains to support innovation and build trust in this emerging form of money."

The Bank of England proposes rules for sterling stablecoins, including backing requirements and temporary holding limits.

LONDON :The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60 per cent of the assets backing them in government debt, part of a raft of new rules that suggest a softening in its approach to the sector.In its latest proposal for rules expected next year, t