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Nellius Irene

UK House of Lords warns tight stablecoin rules may hinder GBP-pegged token market

On Wednesday, a House of Lords committee urged the UK to advance stablecoin oversight while avoiding measures that could suppress the nascent market for pound sterling-pegged tokens. The panel warned that overly restrictive requirements—such as proposed caps on wallet holdings and forcing issuers into zero-interest central bank deposits—could undermine competitiveness and leave the UK trailing the US and EU.
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