BlockBeats News, November 10th, the Bank of England proposed that among the assets supporting stablecoins, 60% can 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 £20,000 upper limit on individual stablecoin holdings, and a £10 million limit for corporate stablecoin holdings.
Stablecoins transitioning from the Financial Conduct Authority (FCA) regulatory regime in the UK may invest up to 95% of their reserve assets in short-term government bonds. (FXStreet)
