Restrictions proposed by the BOE prompted criticism from the crypto industry, which said they risked preventing the U.K. from being competitive in the digital economy.

The Bank of England may lift the £20,000 stablecoin cap after industry feedback, prioritizing flexible regulation and market stability.

BoE officials are reportedly reviewing caps and reserve rules as the UK tries to keep stablecoin issuers onshore.

Restrictions proposed by the BOE prompted criticism from the crypto industry, which said they risked preventing the U.K. from being competitive in the digital economy.

Bank of England eyes looser stablecoin rules after industry pushback, per FT, as BoE deputy governor questions 40% reserve requirement.