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UK Lawmakers Urge Bank of England to Ease Stablecoin Plans

Published Tuesday, June 2, 2026 · Updated June 3

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Media Analysis

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UK lawmakers have urged the Bank of England to ease its proposed regulations for stablecoins, specifically recommending a reconsideration of caps on stablecoin holdings and requirements for non-interest-bearing deposits. They argue that current plans are too strict and could impede the development of the sterling-backed stablecoin market.

What We Know — Key Points

  • British lawmakers urged the Bank of England on Wednesday to soften planned rules on stablecoins.
  • Lawmakers argue that overly strict rules could hinder the growth of the sterling-backed stablecoin market.
  • The House of Lords committee specifically recommended reconsidering caps on stablecoin holdings and requirements for non-interest-bearing deposits.

What Is Claimed — Perspectives

  • Channel News AsiaCenter

    British lawmakers are calling on the Bank of England to relax its proposed regulations for stablecoins, arguing that overly strict rules could hinder the growth of the sterling-backed market. The House of Lords committee specifically recommended reconsidering caps on stablecoin holdings and requirements for non-interest-bearing deposits.

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