[Stanley]

BoE signals flexibility on stablecoin caps amid industry pushback: Report

The Bank of England may relax proposed caps on corporate stablecoin holdings after industry backlash, as the UK races to stay competitive in the $314 billion market.


https://cointelegraph.com/news/boe-softe...er_inbound

[Vectura]

Interesting shift from the BoE — shows they’re realizing that over-regulating stablecoins could push innovation offshore. A bit of flexibility might be exactly what the UK needs to stay relevant in the global digital asset space.

[Hackers]

Great news, I am dual citizen so I need at least one passport to not give a shit about crypto.

Regulating crypto is a huge mistake. It would be like requiring ID every time someone uses cash, and requiring a full record of that cash, and then banning cash that was once used by someone else in a crime ....

For example, in most studies for currency "handling", they are able to find cocaine, fentonyl, and other drugs on bills, all around the globe.
If you've touched a $1 bill, you've likely touched cocaine residue. It's that common.

No thanks to regulation. The losses are worth the freedoms. People can be smarter if they are concerned about their wallets.

----

THAT SAID... Stablecoins should always be stable.
I am not saying there shouldn't be any laws - I'm saying they shouldn't regulate crypto in a way that prevents its general use by the public, anonymously.

For example, if someone commits fraud, that's still a crime.
If a stable coin says they're 1:1 but they lie and are actually 0.2:1 ratio, then that's troublesome.

I'm not saying no laws. There should be! But there shouldn't be technical implementations that allows a government to freeze, block, or interfere with crypto systems overall.

There should not be balance caps for how successful we're allowed to be, in a world that literally runs on capitalism as a drug.

[cazaputas42]

soy nuevo en esto y vi tu foro de que se trata todo eso no eh entendido

[Aeowulf]

Stablecoin caps are weird, to say the least.

[Fish]

Makes sense. Too strict limits could slow adoption and push business elsewhere.