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Key Takeaways
- The Bank of England scrapped proposed individual holding caps on systemic stablecoins.
- It replaced them with a temporary £40B issuance cap per stablecoin.
- Individuals and businesses can now hold systemic stablecoins without limits.
- Feedback closes September 22, 2026, with rules operational from 2027.
What the Bank of England Changed
In a policy statement published on June 22, 2026, the Bank of England set out revised draft rules for sterling-denominated systemic stablecoins, the large stablecoins used in mainstream payments rather than for crypto trading. The headline change is the removal of the holding limits proposed in the November 2025 consultation, which would have capped individuals at £20,00...
English (US)