1 day ago
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Key Takeaways:
- BoE scraps individual £20,000 and corporate £10m stablecoin holding limits.
- Enforcing wallet-level limits on decentralized ledgers was always operationally unworkable.
- The FCA and BoE operate parallel regulatory tracks, but the transition point between them remains undefined.
On May 19, at CityWeek 2026 in London, Bank of England Deputy Governor Sarah Breeden confirmed that the central bank is abandoning its proposed individual holding limits for sterling stablecoins, shifting instead toward aggregate issuance caps placed on token providers. The November 2025 consultation figures – £20,000 per individual, £10 million per business – are off the table.
This follows sustained pressure from the fintech sector, banking institutions, and parliamentary submissions that challenged both the practical enforceability of the original proposals and Britain’s positioning in a rapidly consolidating global digital finance race.
English (US)