Coinbase CEO Brian Armstrong has expressed concerns that the United Kingdom's forthcoming stablecoin regulations could hinder the nation's global competitiveness in the digital economy. Specifically, Armstrong highlighted proposed limits on individual and corporate stablecoin holdings by the Bank of England as a potential impediment to financial innovation. He urged UK residents to support a petition launched by Stand With Crypto UK, advocating for a government strategy that fosters innovation in blockchain and stablecoins. The petition has reportedly garnered over 79,000 signatures.

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