The Bank of England wants to limit how many stablecoin tokens a person or business can hold with its new proposal. For individuals, the cap is between £10,000 and £20,000; for businesses, £10 million, according to a Financial Times report on Sept. 15. The main reason, as the central bank says, is that the watchdog is worried stablecoins could cause bank deposit outflows. It simply means that if many people shift money from banks into stablecoins, banks might lose money and not lend enough. If the BoE’s ...