Bank of England softens draft stablecoin rules after industry concerns
Key takeaways
- Bank of England softens draft stablecoin rules after industry concerns The Bank of England will accept feedback on the proposals until 22 September 2026.
- The central bank, which is preparing rules for sterling-backed stablecoins intended for broad use in retail payments, has dropped an earlier plan to restrict how much individuals could hold.
- Instead, it now proposes a cap on the overall amount issued by each stablecoin, with the initial limit set at £40bn ($52.8bn).
Bank of England softens draft stablecoin rules after industry concerns The Bank of England will accept feedback on the proposals until 22 September 2026. Credit: NMStudio789/Shutterstock.com · Electronic Payments · NMStudio789/Shutterstock.com Kuldeep Jha Tue, June 23, 2026 at 4:18 PM GMT+7 2 min read The Bank of England has loosened parts of its proposed framework for sterling stablecoins after concerns that the original approach could hinder the development of the early-stage market.
The central bank, which is preparing rules for sterling-backed stablecoins intended for broad use in retail payments, has dropped an earlier plan to restrict how much individuals could hold.
Instead, it now proposes a cap on the overall amount issued by each stablecoin, with the initial limit set at £40bn ($52.8bn).