UK MPs criticize BoE stablecoin limits: £20,000 per user, £10 million for businesses

On 12 December 2025, a cross‑party group of UK lawmakers wrote to Chancellor Rachel Reeves, urging a rethink of the Bank of England's systemic stablecoin plans. They argue proposed holding caps of £20,000 per user and roughly £10 million for most businesses, plus reserve rules, would push innovation abroad.