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TechFlow, November 10 — According to Jinshi Data, the Bank of England has proposed a cap of £20,000 on individual stablecoin holdings and a limit of £10 million for corporate stablecoin holdings. Stablecoins transitioning from the UK Financial Conduct Authority (FCA) regulatory framework may allocate up to 95% of their reserve assets to short-term government bonds.
Stablecoins transitioning from the UK Financial Conduct Authority (FCA) regulatory framework may invest up to 95% of their reserve assets in short-term government bonds.
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