--- title: "The Bank of England backs down on its toughest stablecoin rules" url: https://daily.dev/posts/the-bank-of-england-backs-down-on-its-toughest-stablecoin-rules-tqilhky0w source_url: https://thenextweb.com/news/the-bank-of-england-backs-down-on-its-toughest-stablecoin-rules type: article source: "The Next Web" published: 2026-06-22T10:02:00.123Z updated: 2026-06-22T10:02:19.985Z tags: ["nlp", "fintech"] reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # The Bank of England backs down on its toughest stablecoin rules **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary The Bank of England has significantly softened its proposed stablecoin regulations following industry pushback. The most notable change is the removal of individual holding caps (previously £20,000 for individuals, £10mn for businesses), replaced by per-issuer issuance limits. Reserve rules have also been relaxed, allowing issuers to hold more backing assets in short-term UK government debt rather than unremunerated central bank deposits. Deputy Governor Sarah Breeden acknowledged the initial proposals may have been 'overly conservative.' The revised framework is open for feedback until September 2026, with regulated stablecoins expected to operate in the UK from 2027. The shift is partly driven by competitive pressure from the US, where a federal stablecoin law has given issuers clearer operating conditions. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [South Africa wants to ban companies from moving stablecoins abroad. Individuals keep their allowance.](https://daily.dev/posts/south-africa-wants-to-ban-companies-from-moving-stablecoins-abroad-individuals-keep-their-allowance-r0hmvvlxh) · The Next Web · 0 upvotes · 0 comments - [Bank of England says digital pound still in design phase](https://daily.dev/posts/bank-of-england-says-digital-pound-still-in-design-phase-y8xoqteeq) · The Register · 0 upvotes · 0 comments - [South Africa’s stablecoin silence is becoming a policy failure](https://daily.dev/posts/south-africa-s-stablecoin-silence-is-becoming-a-policy-failure-nsnexydlo) · TechCentral · 0 upvotes · 0 comments - [Sarb weighs stablecoins and CBDCs as digital money gains global momentum](https://daily.dev/posts/sarb-weighs-stablecoins-and-cbdcs-as-digital-money-gains-global-momentum-or7vukmht) · TechCentral · 0 upvotes · 0 comments - [BlackRock launches tokenised money market funds to back stablecoins](https://daily.dev/posts/blackrock-launches-tokenised-money-market-funds-to-back-stablecoins-d0bftt00q) · The Next Web · 0 upvotes · 0 comments --- Tags: [#nlp](https://daily.dev/tags/nlp), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/the-bank-of-england-backs-down-on-its-toughest-stablecoin-rules-tqilhky0w)