European Banking Authority says existing EU crypto rules (MiCA) already cover the risks linked to stablecoins
Regulatory authorities in Europe are addressing the risks of stablecoins and pushing for tighter controls. In contrast to the United States' fragmented regulations for stablecoins, European policymakers have made a unified system that they believe will promote innovation, protect consumers, and improve financial stability. Existing crypto rules can handle stablecoin risks Despite the recent warnings [...]