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NEWS: Crypto groups call for Bank of England to scrap stablecoin cap

AI FOR AML: File photo shows general view of the Bank of England in London, Britain which produced the survey in collaboration with the FCA.

By PAUL O’DONOGHUE, Senior Correspondent

CRYPTO groups are urging the Bank of England (BoE) to abandon plans to cap stablecoin holdings.

They warn the move would make UK rules tougher than in the US or EU.

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