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European Regulators Suggest Banning Multi-Jurisdictional Stablecoin Issuance, Led by European Central Bank
Summary: According to Bloomberg, the European Systemic Risk Board (ESRB) has proposed banning the issuance of stablecoins in multiple jurisdictions, specifically stablecoins issued simultaneously in the EU and other legal jurisdictions. The proposal is led by the European Central Bank (ECB). While the suggestion is not legally binding, it will pressure national regulatory authorities to enforce ...
According to Bloomberg, the European Systemic Risk Board (ESRB) has proposed banning the issuance of stablecoins in multiple jurisdictions, specifically stablecoins issued simultaneously in the EU and other legal jurisdictions. The proposal is led by the European Central Bank (ECB). While the suggestion is not legally binding, it will pressure national regulatory authorities to enforce related restrictions or explain how to ensure financial stability without adopting the ban.
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Link: European Regulators Suggest Banning Multi-Jurisdictional Stablecoin Issuance, Led by European Central Bank [Copy]
