PAYMENTS
Temporary holding caps proposed Individual users would face £ 20,000 holding limits per coin, while businesses would be restricted to £ 10m( US $ 13.1m), with exemptions available for larger corporates. These temporary restrictions are designed to safeguard credit provision as the financial system adapts to digital money.
The limits would not apply to stablecoins used for wholesale financial market settlement in the Bank and FCA’ s Digital Securities Sandbox.
Sarah Breeden, Deputy Governor for Financial Stability, says the proposals mark progress towards implementing the UK’ s stablecoin regime next year.“ Our objective remains to support innovation and build trust in this emerging form of money,” she says.
“ We’ ve listened carefully to feedback and amended our proposals for achieving this, including on how stablecoin issuers interact with the Bank of England.”
Industry responses highlight concerns about international competitiveness and operational constraints.
“Our objective remains to support innovation and build trust in this emerging form of money”
Sarah Breeden, Deputy Governor for Financial Stability, Bank of England
110 January 2026