The Bank of England suggests that it may relax restrictions on stablecoin holdings According to Bloomberg, Sarah Breeden, Deputy Governor of the Bank of England, has hinted that regulators may soften their strict stance on the upper limit of stablecoin holdings, following strong opposition from the digital asset industry to the proposal. The central bank proposed in November last year to set a temporary holding limit of £ 20000 for individuals and £ 10 million for businesses on stablecoins that are considered systemically important, in order to prevent the risk of sudden transfer of customer deposits from banks to stablecoins. However, stablecoin issuers and the cryptocurrency industry warn that these limits are difficult to enforce and may stifle innovation. During his attendance at the House of Lords committee, Breeden stated that the central bank is open to "other ways" to achieve the goal of protecting the UK economy and is currently reviewing feedback received from the consultation paper in November last year. She admitted that there are technical difficulties in implementing the upper limit, including how to effectively track token holders and their holdings in secondary market transactions, as well as the cost-effectiveness of building a system for temporary restrictions. The central bank plans to finalize the regulations before the end of the year.