UK MPs warn Bank of England stablecoin plans could drive innovation offshore

UK MPs Oppose BOE’s Stablecoin Ownership Cap In New Letter – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A cross-party group of UK lawmakers jointly expressed concerns about the Bank of England (BOE)’s proposal to limit stablecoin holdings in the country, urging Chancellor Rachel Reeves to push back on the controversial policy. UK Lawmakers Fight Stablecoin Cap Plans On Thursday, a coalition of UK lawmakers sent a letter asking Chancellor Rachel Reev…

UK MPs Oppose BOE’s Stablecoin Ownership Cap In New Letter - Invest In Crypto News

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A cross-party group of UK lawmakers jointly expressed concerns about the Bank of England (BOE)’s proposal to limit stablecoin holdings in the country, urging Chancellor Rachel Reeves to push back on the controversial policy. UK Lawmakers Fight Stablecoin Cap Plans On Thursday, a coalition of UK lawmakers sent a letter asking Chancellor Rachel Reev…

UK Lawmakers Warn BoE Stablecoin Rules Could Stifle Innovation, Drive Crypto Offshore

In a significant blow to the UK’s aspirations of becoming a global hub for digital assets, a vocal contingent of lawmakers has issued a stern warning against the Bank of England‘s (BoE) proposed stablecoin regulatory framework. As of December 13, 2025, these legislative voices argue that the central bank’s overly cautious and restrictive approach threatens to stifle innovation, deter investment, and ultimately push nascent crypto activity and ta…

Bank of England’s Stablecoin Cap Plan Get a Pushback From UK Lawmakers

A cross-party group of UK lawmakers from both the House of Commons and the House of Lords is challenging the Bank of England’s proposed regime for “systemic” stablecoins, warning that the central bank’s plans could drive innovation, capital and jobs offshore.  In an open letter sent on 11 December, the MPs and peers, including senior figures such as former Defence Secretary Sir Gavin Williamson and other prominent parliamentarians, argued that t…

Lawmakers Say Bank of England Stablecoin Proposals Will ‘Limit Adoption, Push Activity Overseas’

A CryptoUK spokesperson told Decrypt the proposed restrictions “risk undermining the UK’s ambition to lead in digital finance.”

UK Lawmakers Warn BoE Stablecoin Rules Risk Driving Capital Into U.S. Dollars News ETHNews

A cross-party group of UK lawmakers is urging the government to rethink the Bank of England’s proposed stablecoin framework, warning that the current approach could undermine innovation and push capital toward dollar-backed digital assets. In a letter addressed to Chancellor Rachel Reeves, the group argues that the draft rules are overly restrictive and risk making pound-backed stablecoins uncompetitive from the outset. Why Lawmakers Are Pushing…