The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60% of the assets backing them in government debt, part of a raft of new rules that suggest a softening in its approach to the sector. In its latest proposal for rules expected next year, the central bank however stuck to plans to cap the amount of stablecoins that individuals and businesses can hold, a move that sets it apart from European Union and U.S. regulators.
