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Coinbase CEO Brian Armstrong has warned that proposed stablecoin rules in the United Kingdom risk undermining the country\u2019s competitiveness as a global financial hub, arguing that draft measures could stifle innovation rather than support it.<\/p>\n
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In a post<\/a> on X, Armstrong said stablecoin regulations currently being finalized by the Bank of England include proposals to cap stablecoin holdings for individuals and businesses. <\/p>\n Critics of the framework say the suggested limits around \u00a320,000 for individuals and \u00a310 million for businesses, could act as structural barriers to adoption in a market valued at more than $180 billion globally.<\/p>\n \u201cThe UK has a long history of being a financial hub,\u201d Armstrong wrote, adding that embracing blockchain innovation is critical as other jurisdictions move quickly to establish clearer crypto frameworks. <\/p>\n He urged UK residents to support a petition organized by Stand With Crypto UK, which has gathered more than 80,000 signatures. Under parliamentary rules, petitions crossing 100,000 signatures are considered for debate in Parliament.<\/p>\n <\/p>\n The comments sparked debate online. Some users argued<\/a> the U.S. should first resolve its own regulatory uncertainty, pointing to the pending Clarity Act in Congress. Others said regulation should manage systemic risk without suppressing innovation, calling for proportional frameworks that allow stablecoins to scale responsibly.<\/p>\n