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The Bank of England plans to provide exemptions for limited issuance of stablecoins.
According to Mars Finance, Bloomberg reports that the Bank of England plans to adjust its previously proposed restrictive policies on corporate stablecoins, providing exemptions for specific enterprises, particularly those crypto assets exchanges that need to hold a large amount of stablecoins. According to informed sources, this policy shift indicates a softening of the Bank of England's stance on crypto assets, partly in response to increasing competitive pressure from the United States.