U.K. Parliament opens stablecoin inquiry, 29 January; BoE’s £20K/£10M caps reviewed

In late 2025, the Bank of England proposed a 60/40 reserve model and holding caps for sterling-backed stablecoins. On 29 January, the U.K. Parliament’s Financial Services Regulation Committee launched an inquiry to assess growth, risks, and these frameworks, with evidence submissions due by 11 March 2026. Critics warn the caps—£20K per individual and £10 million per business—could undermine competitiveness.