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The ECB seeks changes to the EU’s MiCA crypto rules, fearing US crypto support could harm the bloc. 🏦 They want a rewrite, conflicting with the European Commission. 🇪🇺
The ECB is concerned US legislation 🇺🇸 could boost dollar-backed stablecoins. They distributed a document arguing for MiCA’s rethink, but faced resistance. Diplomats felt quick changes were unwarranted.
The Commission believes it’s “too early” to judge the US impact and says global stablecoins are manageable under existing rules. 🤔 Circle secured a MiCA stablecoin license last July.
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post url: https://altcoin.observer/the-ecb-the-european-commissions-shock-on-mica-changes-on-the-friendly-rules-of-cryptos/
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