The Bank of England, tasked with prioritising growth by the government, is mulling plans to introduce an investment limit on crypto stablecoins, with a figure of between £10,000 and £20,000 maximum under consideration for individual investors, and £10m for businesses. Figures from the Financial Conduct Authority (FCA) late last year showed that seven million Brits own some digital assets, representing 12% of the population, up from 10% just one year earlier.

With the value of one Bitcoin standing at $114,700 (£84,000) and Ethereum at $4,500, the imposition of a regulatory throttle on crypto investment flies in the face of other major countries and economic blocks.

In the US, EU member states and financial powerhouses like Singapore and Dubai, there are no financial limits on investments. Thailand recently even removed tax on capital gains on crypto for a four-year period.