Cryptocurrency’s most dramatic lovers-industry executives and their velvet-gloved allies-have penned a tragic missive to the Bank of England, begging it to abandon ownership caps on systemic stablecoins. The proposed limits? A paltry £10,000-£20,000 for individuals (or $13.5K to $27K for those who still care about dollars) and a laughable £10 million for businesses. “How dare you!” they cry, as if the BoE’s ink-stained bureaucrats are staging a coup against the UK’s financial sovereignty. “This will make us *look bad* compared to the US and EU!”
The BoE, ever the unromantic pragmatist, insists these caps are merely a “transitional measure” to prevent financial stability from dissolving like a poorly encrypted PDF. Critics-Coinbase, the UK Cryptoasset Business Council, and anyone who’s ever lost a sock-argue the BoE’s plan is as feasible as a blockchain-based teapot. “How do you track token holders?” they sigh, as if the BoE should’ve hired Sherlock Holmes. “You’d need digital IDs! Wallet coordination! It’s *costly*! It’s *intrusive*! It’s like asking your grandma to solve a Rubik’s Cube while juggling!”
The stage is set for a Shakespearean clash: the BoE’s caution vs. the Treasury’s hunger for digital finance glory. Meanwhile, the $288 billion stablecoin market watches with the detached irony of a cat eyeing a squirrel. 🚨 Critics insist the UK risks becoming a financial backwater, where innovation drowns in red tape. But perhaps the real tragedy is that no one asked the stablecoins themselves. 💸
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2025-09-15 10:57