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Bank of England: Proposed to set a limit of £20,000 on individual stablecoin holdings

On November 10, the Bank of England proposed that 60% of the assets supporting stablecoins could be held in short-term UK government bonds, and at least 40% must be deposited with the Bank of England. The Bank of England proposed a limit of £20,000 on individual stablecoin holdings, while the limit for businesses holding stablecoins is £10 million. ( Jin10 )

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