EU to issue new stablecoin rules despite ECB concerns, FT reports
The European Union is moving forward with new stablecoin regulations under MiCA, despite warnings from the European Central Bank about risks to financial stability. The decision underscores the EU's determination to lead in crypto oversight. The European Union plans to implement a new regulatory framework for stablecoins, as part of the broader MiCA (Markets in Crypto-Assets) legislation, the Financial Times reports. This move comes despite strong opposition from the European Central Bank, which has expressed concerns about potential threats to monetary policy and financial stability. The regulation aims to bring legal clarity to crypto-assets and strengthen the EU’s position in global crypto governance. source(investing.com)
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