The Bank of England unveiled draft stablecoin rules that ease reserve requirements and replace proposed holding limits as the UK prepares for a 2027 launch.

After industry pushback, the Bank of England has dropped its proposed individual holding caps for stablecoins in favour of per-issuer issuance limits.

LONDON, June 22 : The Bank of England on Monday eased proposed stablecoin rules following widespread concern they risked stifling development of a nascent sterling-backed market,…