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Stablecoin Industry Opposes Bank of England’s Unhosted Wallet Ban

Summary by Cointelegraph
Banning the use of custodial wallets for stablecoins could hinder major use cases like remittances, according to some industry observers.
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CointelegraphCointelegraph
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Cryptocurrency News | Cryptocurrency Prices | Market CapCryptocurrency News | Cryptocurrency Prices | Market Cap

Stablecoin Industry Opposes Bank of England’s Unhosted Wallet Ban

Banning the use of custodial wallets for stablecoins could hinder major use cases like remittances, according to some industry observers.

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Cointelegraph broke the news on Wednesday, May 6, 2026.
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