According to Bloomberg, Bank of England Deputy Governor Sarah Breeden stated during a House of Lords committee meeting that regulators are "open to other approaches" to achieve the goal of protecting the UK economy and are reviewing feedback received on the stablecoin consultation paper from last November. The Bank of England previously proposed temporary holding limits for stablecoins deemed systemically important: £20,000 for individuals and £10 million for businesses, to prevent risks from rapid shifts of bank deposits to stablecoins. However, stablecoin issuers and the crypto industry believe these limits are difficult to enforce and may stifle innovation. The central bank plans to finalize the regulations by the end of the year. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57978