TechFlame News: The UK House of Lords Financial Services Regulation Committee has pointed out that the UK is lagging behind the United States and the European Union in stablecoin regulation. The committee urges the Bank of England and the Financial Conduct Authority (FCA) to revise several proposals, including reconsidering the holding cap of £20,000 for individuals and $10 million for businesses, the 40% non-interest-bearing central bank reserve requirement, and restrictions on commercial bank issuance. It also recommends that the FCA review the k-factor capital requirement, which scales based on issuance volume rather than risk.