The Bank of England plans to grant exemptions for limited provisions on stablecoins

ChainCatcher news, according to Bloomberg, the Bank of England plans to adjust its previously proposed restrictive policy on corporate stablecoins, providing exemptions for specific businesses, especially those cryptocurrency exchanges that need to hold large amounts of stablecoins.

According to insiders, this policy shift indicates a softening of the Bank of England's stance on crypto assets, partly in response to the growing competitive pressure from the United States.