Bank of England ready to water down ‘overly conservative’ stablecoin proposals: FT
The Bank of England (BOE) will relax proposed restrictions on stablecoin holdings, amid pressure from digital asset industry players, the Financial Times reported on Thursday. Deputy Governor for Financial Stability Sarah Breeden said the central bank’s initial plan to limit individual holdings to a maximum of 20,000 pounds ($27,000) per coin may have been “too…