Sarah Breeden, Deputy Governor of the Central Bank, acknowledged the need to revisit the limits. Previously, the regulator promoted a cap on stablecoin holdings of £20,000 for individuals and £10 million for companies. The central bank is also ready to relax stringent reserve requirements for issuers. Initially, the regulator planned to require companies to hold 40% of their funds in interest-free deposits at the central bank. The remaining 60% of reserves were to be held in short-term government bonds. The new measures may increase the proportion of revenue-generating assets, enhancing the appeal of the UK for stablecoin issuers. Crypto companies had warned that strict restrictions could reduce the UK's competitiveness and create operational challenges for businesses. The Central Bank is expected to publish an updated draft of the regulations by the end of June, with the final version to be adopted by the end of the year.