ECB urges EU to tighten crypto rules, widen stablecoin interest ban


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JUST IN: 🇪🇺 The ESCB has called on the EU to extend MiCAR to cover staking, lending, and borrowing, and to strengthen the prohibition on stablecoin interest payments to prevent circumvention through DeFi arrangements.
The ECB is calling for tougher crypto rules across the EU. Its proposals for the next MiCA review include: Expanding the ban on stablecoin interest to indirect rewards, staking and lending EU-wide regulation of staking, lending and borrowing New powers to restrict…
🇪🇺 Circle demande à l’Union européenne d’assouplir certaines règles de MiCA sur les stablecoins. ➡️ L’émetteur de l’USDC souhaite notamment faciliter l’accès aux stablecoins étrangers réglementés et revoir les exigences imposées aux réserves des émetteurs.
🇪🇺 We submitted feedback to the European Commission's MiCA Review Consultation As the largest MiCA-regulated e-money token (EMT) issuer for both the dollar (@USDC) and the euro (EURC), and having been the first major global issuer to comply back in July 2024, @circle knows…
Circle has submitted its response to the European Commission’s MiCA Review Consultation. Our feedback draws on two years of experience operating USDC and EURC under MiCA, with a focus on strengthening Europe’s role as a dynamic, liquid stablecoin market. In the response, we…
Circle wants Europe to loosen its stablecoin reserve rules@circle answered the European Commission's review of MiCA, the EU crypto rulebook, today. The $USDC issuer wants to swap the rule requiring issuers to keep at least 30% of reserves in bank deposits for a looser liquidity…
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