Bank of England faces calls from UK lawmakers to ease stablecoin plans
On June 3, 2026, a cross-party House of Lords Economic Affairs Committee delivered a pointed critique to the Bank of England, urging a significant recalibration of its proposed stablecoin regulations. Lawmakers warned that the central bank's stringent approach, particularly concerning capital requirements and "onshoring" rules, risks suffocating the nascent sterling-backed stablecoin market and undermining the UK's ambition to become a global cryptoasset hub. This intervention highlights a growing ideological rift between financial stability and innovation-driven policy.
















