ECB president calls to address risks from non-EU stablecoins

ECB president calls to address risks from non-EU stablecoins

Amid the US set to implement a stablecoin framework after passage of the GENIUS Act, EU officials are looking at the implications of foreign-issued stablecoins. Christine Lagarde, president of the European Central Bank (ECB), is calling for policymakers to address gaps in stablecoin regulation, particularly for those issued beyond the “robust” Markets in Crypto-Assets (MiCA)…

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ECB flags risk of financial contagion from US crypto push

ECB flags risk of financial contagion from US crypto push

The ECB is calling for changes to MiCA, only months after the regulatory framework was implemented. The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system. According to a policy paper seen by Politico,…

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# EU finance ministers’ group releases statement on political aspects of digital euro

# EU finance ministers’ group releases statement on political aspects of digital euro

” EU finance ministers’ group releases statement on political aspects of digital euro “ The Eurogroup, consisting of all the finance ministers from the euro-zone countries, released a statement Jan. 16 on the introduction of the digital euro, after meeting in Brussels. The group meets regularly to discuss political dimensions of the potential digital currency,…

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