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EU Plans to Ignore ECB Warning and Push Forward New Regulations on Stablecoin Supervision
Summary: In a breaking development, the European Commission is preparing to propose that stablecoins issued outside the EU be treated as interchangeable with the EU version. The European Central Bank has warned that the new regulations could increase the risk of reserve run and potentially spread among banks, as overseas holders rush to obtain reserves originally ...
In a breaking development, the European Commission is preparing to propose that stablecoins issued outside the EU be treated as interchangeable with the EU version. The European Central Bank has warned that the new regulations could increase the risk of reserve run and potentially spread among banks, as overseas holders rush to obtain reserves originally intended for EU consumers.
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Link: EU Plans to Ignore ECB Warning and Push Forward New Regulations on Stablecoin Supervision [Copy]
