UK Reform Party argues stablecoin limits stifle innovation

The UK’s minority party Reform has rejected the Bank of England’s proposal to cap stablecoin holdings and introduce a central bank digital currency. They argue that these measures would harm Britain’s competitiveness in the global digital economy and advocate for privately issued stablecoins instead. They also oppose the creation of a digital pound, warning of excessive government control. The party aims to establish a regulatory framework that balances consumer protection with market freedom to drive growth in fintech and digital finance.