Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England (UK central bank), said in an interview with the Financial Times (FT) that “it is possible that the initial stablecoin regulations we proposed were overly conservative,” adding, “We are carefully reviewing other ways to manage stablecoin risks.” This is interpreted as signaling a potential easing of stablecoin regulations, reflecting industry feedback. The Bank of England had previously proposed limiting stablecoin holdings to £20,000 (approximately 40 million won) per individual and £10 million (approximately 20.2 billion won) per company to prevent outflows from traditional bank deposits. Deputy Governor Breeden added, “The initial draft at the time was conservatively written based on experiences of potential liquidity crises,” and “We will carefully review whether our approach was overly conservative.”
