Bank of England's Major Shift: Easing Rules on Stablecoins 🇬🇧

The Bank of England is softening its stance on stablecoins — and the crypto world is watching closely 👀

Bloomberg reports that the BoE plans to allow exemptions on stablecoin holding caps, letting major players hold reserves in short-term government bonds.
This move aligns the UK with US and EU frameworks, signaling a more flexible approach to digital assets.

⚡ Key Highlights:

1. Systemic stablecoins may get waivers on holding limits.
2. Stablecoins could be used for settlement in the UK’s Digital Securities Sandbox.
3. A clear shift from Governor Bailey’s earlier skepticism.
4. The UK is racing to stay competitive in the global digital finance market.

Could this be the start of a UK crypto comeback?
Tell us what you think in the comments 💬

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