UK House of Lords Committee Urges Bank of England to Soften Proposed Stablecoin Holding Limits and Reserve Rules
A cross-party parliamentary committee called for the central bank to review proposed caps of 20,000 pounds for individuals and 10 million pounds for businesses on stablecoin holdings.
CoinDeskU.K. House of Lords committee urged the Bank of England to reconsider proposed limits of 20,000 pounds per coin for individuals and 10 million pounds for businesses on stablecoin holdings. The Financial Services Regulation Committee issued the recommendation in its report titled "Stablecoins: waiting for regulation," published Wednesday, June 2, 2026.
The committee also advised the central bank to review a requirement that stablecoin issuers hold at least 40 percent of backing assets in unremunerated central bank deposits. "Rather than pre-emptively impose holding limits, the Bank should consider monitoring the growth of the market and imposing holding limits only if the financial stability risks clearly warrant it," the committee stated in the report.
" The Bank of England is planning to ease the proposed restrictions.
Breeden stated the Bank of England is "looking very hard at whether there are different ways we can manage what we think is an important risk as stablecoins come into play," according to an interview with the Financial Times. S. dollar or the pound sterling.
The Bank of England proposed the holding limits as part of efforts to address financial stability risks associated with the emerging market.
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