An exchange CEO criticizes the UK stablecoin holding limit proposal, claiming it may hinder financial innovation

ChainCatcher reported that the CEO of a certain exchange, Brian Armstrong, warned on Tuesday that the stablecoin holding cap proposed by the Bank of England could cause the UK to lose its status as a global financial center. He stated: "The UK's stablecoin regulations are being finalized, but they may hinder the UK's global competitiveness in the digital economy. The current direction of the rules is counterproductive and will become an obstacle to innovation."